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Fitch Affirms S-T Rating on Lower CO River Auth (TX) CP Notes Series B at 'F1+'

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the short-term rating of 'F1+'assigned to the Lower Colorado River Authority (LCRA) commercial paper notes, taxable series B (notes). The rating action is in connection with the: (i) extension of the expiration date of the irrevocable direct-pay letter of credit (LOC provided by State Street Bank and Trust Company (State Street, rated 'AA/F1+', Stable Outlook) supporting the notes to Sept. 10, 2018; (ii) increase of the stated amount of the

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