Press Release

Fitch Revises Outlook of Lower Colorado River Authority, TX to Stable; Affirms IDR at 'AA-'

Fitch Ratings - Austin - 27 May 2022: Fitch Ratings has affirmed the 'AA-' Issuer Default Rating (IDR) and rating on the following bonds of the Lower Colorado River Authority, TX (LCRA):

--$1.2 billion revenue and refunding revenue bonds, series 2013, 2015A, 2015B, 2015D, 2020, 2022;

--Bank bond rating on CP series B.

The Rating Outlook has been revised to Stable from Negative.