Fitch Ratings has assigned an 'A+' rating to the following Lower Colorado River Authority (LCRA), TX bonds. --$250 million refunding revenue bonds, series 2010A; --$250 million refunding revenue bonds, series 2010B. The bonds are expected to sell Oct. 20-21, 2010 and will refund outstanding commercial paper and outstanding bonds for savings. In addition, Fitch affirms the following ratings. --$1.73 billion outstanding LCRA revenue bonds at 'A+'. The Rating Outlook is Stable. RATING RATIONALE. --LCRA's overall healthy financial metrics include consistent debt service coverage above 1.25 times (x) on an unconsolidated basis, which is in line with rating category medians for wholesale providers. --Revenues are primarily derived from
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