Standard&Poor's Ratings Services assigned its 'AAA' rating to San Antonio, Texas' series 2011 general improvement bonds, series 2011 combination tax and revenue certificates of obligation, and series 2011 tax notes. In addition, Standard&Poor's affirmed its 'AAA' rating on the city's general obligation (GO) debt outstanding. The outlook on all ratings is stable. The ratings reflect our assessment of the city's: Deep and increasingly diverse economy, which has allowed management to successfully manage the city's operations through previous economic cycles; Strong financial management policies, which include a comprehensive long-term financial and capital program; Very strong financial performance and position; and Moderately high overall debt burden. The series 2011 general improvement bonds, the series 2011 certificates of obligation,
