...DALLAS (S&P Global Ratings) Oct. 6, 2017--S&P Global Ratings assigned its '###' long-term rating to San Antonio, Texas' series 2017 general improvement bonds, series 2017 combination tax and revenue certificates of obligation, and series 2017 tax notes. At the same time, S&P Global Ratings affirmed its '###' long-term rating and underlying rating (SPUR) on the city's general obligation (GO) debt outstanding and '##+' long-term rating and SPUR on San Antonio Municipal Facilities Corp.'s debt, issued for the city. The outlook is stable. "The rating reflects our view of the city's very strong budgetary flexibility and management practices," said S&P Global Ratings credit analyst Sarah Smaardyk. "The rating further reflects our view of the city's broad and diverse economy and strong budgetary performance, which will likely allow management to address its capital needs and meet its growing service delivery needs," Ms. Smaardyk added. Proceeds from the three issuances will be used primarily to...
