NEW YORK (Standard&Poor's) Sept. 29, 2011--Standard&Poor's Ratings Services has assigned its 'AA' rating to the City of San Antonio, Texas $50.4 million electric and gas systems revenue refunding bonds, series 2011. At the same time, Standard&Poor's affirmed its 'AA' rating on the utility's senior-lien parity debt, its 'AA-' rating on the junior-lien bonds, and its 'A-1+' commercial paper rating. The outlook is stable. "The rating reflects what we view as several strengths of San Antonio's electric and gas utility, including a strong, growing economy, very competitive electricity rates, diverse-fuel generating capacity, strong financial metrics, and good management," said Standard&Poor's credit analyst Judith Waite. We understand that management will use bond proceeds to
