...July 26, 2022 DALLAS (S&P Global Ratings) July 26, 2022--S&P Global Ratings assigned its '###' long-term rating to San Antonio, Texas' estimated $66.195 million series 2022 general improvement bonds, $92.115 million taxable series 2022 general improvement bonds, $80.62 million series 2022 combination tax and revenue certificates of obligation, and $42.175 million series 2022 tax notes. 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. Proceeds from the multiple series will fund various parks, recreation, streets, utilities, facility and technology improvements, and an affordable housing project. San Antonio's GO bonds are eligible to be rated above the sovereign, because we believe the city can maintain better credit characteristics than the U.S. in a stress scenario. Under our criteria "Ratings Above The Sovereign: Corporate...
