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In addition, Fitch also affirms the 'A+' rating on BPUB's Series 2005A, 2008, 2012, 2013A and 2016 bonds, along with the 'A+' rating on BPUB commercial paper notes (bank bonds).
According to BPUB, the Robindale WWTP expansion and rehabilitation is the first major public civil works, design-build wastewater project in Texas.
COMBINED MUNICIPAL RETAIL UTILITY: BPUB provides retail electric, water and wastewater services to around 49,000 customers, primarily located in the city of Brownsville.
It affirmed the $100 million bank note rating for the subordinate lien commercial paper program, series A, issued by the BPUB. In addition, Fitch affirms the 'A+' rating on approximately $9.8 million water supply contract revenue bonds, series 2006 and 2012 issued by the Southmost Regional Water Authority (SRWA).
Fitch also affirms the $100 million bank note rating for the subordinate lien commercial paper program, series A, issued by the BPUB.
BPUB bonds rated by Fitch are payable from net revenues of BPUB's combined utility system, which includes electric, water and wastewater services.
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