Standard&Poor's Ratings Services assigned its 'AAA/A-1+' rating to San Antonio, Texas' hotel occupancy tax subordinate-lien variable-rate demand revenue and refunding bonds series 2008 based on the application of the low correlation joint criteria where Standard&Poor's underlying rating (SPUR) for San Antonio, Texas' subordinate-lien hotel occupancy tax revenue debt and prior-lien hotel occupancy tax revenue debt is rated 'A+' and the LOC provider, Wachovia Bank N.A., is rated 'AA/A-1+'. In addition, Standard&Poor's assigned its 'A+' SPUR to San Antonio's series 2008 bonds. The LOC provides coverage for payment of principal and interest on the bonds. The LOC provides for a maximum 45 days of interest coverage at 10% annually and will expire on July 11,
