SAN FRANCISCO (S&P Global Ratings) Sept. 29, 2017--S&P Global Ratings raised its issuer credit rating (ICR) to 'A' from 'A-' on San Miguel Electric Cooperative Inc. (San Miguel), Texas. We also raised the long-term component of our dual rating (A/A-1) to 'A' from 'A-' on the Atascosa County Industrial Development Corp.'s (IDC) series 2008 variable-rate pollution control refunding revenue bonds, issued for San Miguel. The outlook is stable. "The rating action reflects our view of an identical action on the issuer credit rating for South Texas Electric Cooperative (STEC) on Sept. 29, 2017," said S&P Global Ratings credit analyst Paul Dyson. The stable outlook reflects that on the STEC rating. Because the primary mission of the San Miguel project is
