NY -- Standard&Poor's CreditWire 10/8/98 – Standard&Poor's today affirmed its single-'A' rating on Austin, Texas' $334.70 million senior lien bonds and its single-'A'-minus rating on the city's $174.75 million subordinate lien bonds, both issued for Austin Combined Utility. The ratings are affirmed in conjunction with $209 million of subordinate lien revenue bonds, which will be insured by MBIA. In addition, Standard&Poor's affirmed its 'A-1'-plus rating on the city's $350 million combined utility system commercial paper notes series A due Nov. 1, 2016, issued for the utility, and on Austin Combined Utility's $60 million taxable commercial paper note due June 11, 2018. The outlook is stable. The single-`A' senior lien rating reflects the combined utility's
