Standard&Poor's Ratings Services has raised its rating on San Antonio, Texas' senior-lien bonds outstanding to 'AA+' from 'AA', and its rating on the system's junior lien bonds to 'AA' from 'AA-'. At the same time, Standard&Poor's assigned its 'AA' rating to San Antonio's series 2013 junior-lien water system revenue bonds (TWDB CWSRF Tier III), series 2013A junior-lien water system revenue bonds (TWDB WIF), and the series 2013B water system junior lien revenue refunding bonds. The outlook is stable. The upgrade primarily reflects our assessment of strong management and planning, coupled with the trend of favorable debt service coverage (DSC) and system liquidity. We believe the system's competitive rates should allow for a high degree of revenue-raising
