Standard & Poor's Ratings Services said it raised its underlying rating one notch, to AA from AA-minus, on Conroe, Texas' outstanding water and sewer revenue debt.

At the same time, Standard & Poor's assigned its AA SPUR to the city's series 2013 water and sewer system revenue bonds. The outlook on all ratings is stable. The upgrade affects approximately $69.6 million of outstanding parity revenue bonds.

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