SAN FRANCISCO (S&P Global Ratings) Dec. 20, 2019--S&P Global Ratings assigned its 'AA' rating to San Antonio, Texas' (San Antonio Water System or SAWS) series 2020A junior-lien revenue and refunding bonds and series 2020B junior-lien clean water state revolving fund (SRF) loan with the Texas Water Development Board. The outlook is stable. "The ratings reflect our view of SAWS's extremely strong enterprise risk profile and very strong financial risk profile," said S&P Global Ratings credit analyst Chloe Weil. "The rating further reflects the system's water and sewer rates that we believe will remain affordable, even with planned increases through 2024," Ms. Weil added. Proceeds of the series 2020A financing will fund $116.6 million of capital projects, refund $93 million of
