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Parkway Utility District, Texas, Downgraded to BBB-Minus by S&P

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Standard & Poor's Ratings Services said it lowered its rating to BBB-minus from BBB-plus on Parkway Utility District, Texas' existing general obligation debt. At the same time, Standard & Poor's assigned its BBB-minus long-term rating to the district's series 2012 waterworks and sewer system ... (Publication: The Bond Buyer)

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