S&P Global Ratings assigned its 'AA' long-term rating to Austin , Texas' $529.3 million series 2026 water and wastewater system revenue refunding and improvement bonds. 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. In addition, we affirmed our 'A-1+' short-term rating on the city's combined utility systems' $600 million tax-exempt commercial paper notes and $100 million taxable commercial paper notes. The outlook, where applicable, is stable. SAN FRANCISCO (S&P Global Ratings) March 16, 2026--S&P Global Ratings today took the rating actions listed above. Given wide fluctuations in temperatures, both hot and cold, in its territory, Austin Water (AW) and Austin Energy (AE), along with
