Standard&Poor's Ratings Services has assigned its 'A-' rating to the City of Austin, Texas's rental car special facility revenue bonds, taxable series 2013. The outlook is stable. With bond proceeds and other funds on hand, Austin will construct a 1.6 million square foot public parking and consolidated rental car facility behind an existing garage for Austin-Bergstrom International Airport (AUS). The rating reflects our assessment of the following factors: AUS has a strong origin and destination (O&D) market (95%), with solid passenger traffic growth of 3.9% annually during the past 10 years to reach 4.7 million deplaned passengers in 2012. The airport's strong and growing service area benefits from a strong economy with a low unemployment rate, an increasing
