...June 9, 2021 FARMERS BRANCH (S&P Global Ratings) June 9, 2021--S&P Global Ratings assigned its '###' long-term rating to San Antonio, Texas' $47 million series 2016 combination tax and revenue certificates of obligation (fixed-rate conversion). S&P Global Ratings also assigned its '##+' long-term rating to the city's projected $59.3 million series 2021 fixed rate lease revenue bonds and $30.5 million taxable series 2021 variable rate lease revenue bonds, issued for the city by the San Antonio Municipal Facilities Corp. At the same time, S&P Global Ratings affirmed its '###' long-term rating on San Antonio's general obligation (GO) debt outstanding and its '##+' long-term rating on the city's lease revenue bonds. The outlook is stable. With this transaction, the certificates are being converted to fixed-rate obligations. The lease revenue bond proceeds will fund the city tower renovation project. San Antonio is a popular tourist destination and large events, conferences, and out-of-state...
