WASHINGTON, D.C. (Standard&Poor's CreditWire) Aug. 31, 2000--Standard&Poor's today assigned its double-'A'-plus rating to Austin, Texas' $6.06 million certificates of obligation series 2000 and $52.93 million public improvement bonds series 2000. The bonds and certificates are scheduled to sell Sept. 7, 2000. The outlook is stable. In addition, Standard&Poor's raised its rating on the city's outstanding GO debt to double-'A'-plus from double-'A'. The rating upgrade reflects: -- A strong local economic base that continues to experience rapid tax base and population growth, anchored by the state government; -- The city administration's ability to manage capital and service requirements attributable to strong economic growth over the past five years through conservative fiscal management, and improved financial
