18.11.2013 23:07:00

Brownsville (City of) TX, Utilities System -- Correction to Text, November 12, 2013 Release: MOODY'S ASSIGNS P-1 TO BROWNSVILLE, TX UTILITIES SYSTEM'S (TX) LOC-BACKED COMMERCIAL PAPER SER. A

New York, November 18, 2013 -- Subsequent to Moody's releasing its P-1 letter of credit-backed rating on the City of Brownsville, Texas Utilities System Commercial Paper Notes Series A, the letter of credit was amended to reflect an increased interest rate to 15% from 12%. As such, the first full paragraph under "DETAILED CREDIT DISCUSSION" should now read:

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