S&P Global Ratings assigned its 'AA' long-term rating to Austin , Texas' anticipated $1 billion water and wastewater Water Infrastructure Finance and Innovation Act (WIFIA) loan. At the same time, we affirmed our 'AA' long-term rating and underlying rating (SPUR) on the city's water and wastewater system revenue debt outstanding. The outlook is stable. AUSTIN (S&P Global Ratings) June 17, 2026--S&P Global Ratings today took the rating actions listed above. Given wide fluctuations in temperatures, both hot and cold, in its territory, AW and AE, along with many of their Texas-based peers, face acute and chronic environmental physical risks related to extreme weather, which are incorporated in our operational assessment. The city's rapid population growth has also strained infrastructure, leading
