DALLAS — Standard & Poor’s upgraded the underlying credit of Pampa to A-minus from A, as the Texas panhandle town sold certificates of obligation.

Located about 55 miles northeast of Amarillo, Pampa sold $9.1 million of water and sewer system surplus revenue COs yesterday through a negotiated sale with Estrada Hinojosa & Co and Morgan Keegan & Co. as co-managers. Results of the sale weren’t immediately available.

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.