DALLAS - Standard & Poor's upgraded the El Paso Water Utilities, Texas credit rating to AA-plus from AA in advance of a nearly $70 million refunding issue expected to price the week of Jan. 6 through negotiation with Raymond James as manager.

The upgrade brings S&P in line with Fitch Ratings. Moody's Investors Service does not rate the deal.

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.