DALLAS - Standard & Poor's Corp. has affirmed its A-minus rating on $250 million of lease revenue bonds Texas sold last December to help fund construction of the Superconducting Super Collider project near Dallas.

"S&P believes the lease debt is adequately secured," despite a June 17 vote by the U.S. House of Representatives to eliminate federal funding of the project, the agency said in a statement.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.