DALLAS — Pearland received an upgrade on its water and sewer revenue debt to AA-minus from A by Standard & Poor’s, as the rapidly growing Houston suburb prepares to bring a new-money issue to market.

The city plans to offer $12.8 million of water and sewer system revenue bonds soon through a negotiated sale with First Southwest Co. and Wells Fargo Brokerage Services LLC as co-managers. RBC Capital Markets is the financial adviser to the city and Andrews Kurth LLP is bond counsel.

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.