(PR-inside.com) Fitch Ratings affirms the following ratings.--Lower Colorado River Authority, TX Tax-Exempt Commercial Paper (CP) Notes Series A, authorized to be outstanding in an amount up to $250 million, 'F1+'.Fitch is not reviewing its other outstanding ratings for LCRA at this time. A full review of other security types is scheduled for summer 2011.RATING RATIONALE.--The 'F1+' rating is based on the internal liquidity support of LCRA and dedicated revolving credit agreement with JPMorgan Chase Bank; --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 ..
More...
More...