DALLAS — Standard & Poor’s has revised its outlook on the Harris County-Houston Sports Authority’s junk-rated junior-lien debt to stable from negative, citing the authority’s improving revenues and ability to pay debt service from other sources. The rating remains B.

“The revision is based on the authority’s continued ability to access available reserves from its additional required reserve through manageable draws to make accelerated payments on the series 2001C, 2001D and 2001E bonds,” said Standard & Poor’s analyst Russell Bryce.

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