S&P Global Affirms ‘AA-’ Rating for Gulf Coast Authority
HOUSTON, February 17, 2022 – S&P Global Ratings has affirmed a rating of AA- on existing Bayport Area System revenue bonds for the Gulf Coast Authority (GCA), formerly Gulf Coast Waste Disposal Authority. The rating reflects a combination of GCA’s very strong enterprise and financial risk profiles, further supporting a stable outlook.
Specifically, GCA’s Bayport Facility provides wastewater services to a unique territory concentrated among more than 70 industrial users and provides significant cost benefits to customers that might choose to join a regional service versus providing their own treatment services. Further, GCA offers a distinct advantage in federal regulation that enables industry to directly discharge to the Authority.
“GCA has a long history of responsibly managing participant and customer funds,” said Elizabeth Fazio Hale, GM/CEO of GCA. “We are proud to preserve this financial standing, working to maintain and better our financial outlook for the Authority.”
Contributing factors include conservative budgeting, consistent financial position improvement, strong all-in debt service coverage, and maintaining liquidity at strong levels to provide additional reserves.
GCA’s strong governance comes from transparent communication with stakeholders as well as its midterm-term strategic and financial planning. Additionally, management continues to improve and update its emergency and freeze protection plans to prepare for future environmental events.
An explanation of the significance of the S&P ratings may be obtained from S&P on GCA’s website under Reports linked here. The rating reflects only the respective views of such organization.
Gulf Coast Authority was created by the Texas Legislature in 1969 to protect the waters of the State of Texas through environmentally sound, economically feasible, and technologically advanced wastewater and water management practices. GCA provides regional industrial and municipal wastewater treatment services, solid waste management, industrial water services, and financial services – all with the goal to protect the environment, preserve water resources, and promote industrial development for a strong economy. For more information, please visit www.gcatx.org.
Media Contact:
Keith Hardcastle, Public Information Officer (281) 488-4115 | khardcastle@gcatx.org


Lamont Meaux of Stowell is the owner and president of Seabreeze Culvert, Seabreeze Chemical and Seabreeze Farm. He is a member of the Winnie-Stowell Chamber of Commerce, Texas Society of Professional Engineers, Texas Farm Bureau, and General Land Office Regional Advisory Board. He is a past member of the American Rice Growers Association, American Soybean Association, American Rice Growers Exchange, and Texas Rice Festival. He is also a member of the East Chambers Agriculture Historical Society, Texas A&M University Association of Former Students, and the Texas A&M Corps of Cadets Association, and a member and past muster chairman of the Beaumont A&M Club. Meaux served in the U.S. Army and received a Bachelor of Science from Texas A&M University.
Kevin Scott of Santa Fe is co-owner and funeral director of Scott Funeral Home in Alvin. He previously served as a teacher, coach, and vice-principal for Santa Fe ISD. He is a former member of the Santa Fe High School Football and Baseball Booster Clubs. In addition, he is a former member of the Texas State Teachers Association and Texas High School Coaches Association. Scott received a Bachelor of Science from Stephen F. Austin State University and a Master of Science in Educational Management from the University of Houston at Clear Lake.
Elizabeth Fazio Hale today assumed the role of General Manager/Chief Executive Officer of the Gulf Coast Authority (GCA), a water and wastewater management authority in Texas. For GCA, having recently celebrated its 50th Anniversary, Fazio Hale takes the top leadership role at a time when essential workers are more critical than ever.