DALLAS (Standard&Poor's) June 12, 2013--Standard&Poor's Ratings Services revised the outlooks on its 'AA' long-term rating and underlying rating (SPUR) and its 'A+' long-term rating on Austin, Texas' parity separate-lien debt and special assessment bonds, respectively, to positive from stable. The outlook revision reflects Standard&Poor's expectation that the city's adopted enhanced financial management policies will likely bolster, what Standard&Poor's considers, the systems' already solid financial risk profile. While management's forecast targets total debt service coverage of at least 1.5x for all liens, its recent actions have targeted the improvement of cash flow and reserves. Standard&Poor's assigned its 'AA' long-term rating and positive outlook to the city's $400.33 million series 2013A and
