Standard&Poor's Ratings Services revised the outlooks on its 'AA' long-term rating and underlying rating (SPUR) and its 'A+' long-term rating on Austin, Texas' parity separate-lien debt and special assessment bonds, respectively, to positive from stable. The outlook revision reflects our expectation that the city's adopted enhanced financial management policies will likely bolster, what we consider, the systems' already solid financial risk profile. While management's forecast targets total debt service coverage (DSC) of at least 1.5x for all liens, its recent actions have targeted the improvement of cash flow and reserves. Standard&Poor's assigned its 'AA' long-term rating and positive outlook to the city's series 2013A and 2013B taxable water and wastewater system revenue refunding bonds. Standard&
