Moody's Investors Service said it has upgraded the city of Eagle Pass, Texas's waterworks and sewer system revenue bonds to A2 from Baa1 affecting $25.1 million in outstanding revenue bonds.

The system has an additional $485,000 in revenue debt outstanding not rated by Moody's. The bonds are secured by the city's irrevocable first lien on and pledge of net revenues from the combined water and sewer system.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.