Summary: Austin, Texas; Joint Criteria; Miscellaneous Tax

Standard&Poor's Ratings Services affirmed its 'AA-' underlying rating (SPUR) on the City of Austin, Texas' series 2008A and 2008B hotel occupancy tax (HOT) subordinate-lien variable-rate revenue refunding bonds and series 2012 HOT subordinate-lien revenue refunding bonds outstanding. At the same time, Standard&Poor's affirmed its 'AAA/A-1' rating on the city's series 2008A and series 2008B HOT subordinate lien variable-rate revenue refunding bonds. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, Austin, and the letter of credit provider, JPMorgan Chase Bank N.A. The short-term component of the rating is based solely on the rating on JPMorgan Chase Bank N.A. The outlook is stable. For more information on the

...Standard & Poor's Ratings Services affirmed its '##-' underlying rating (SPUR) on the City of Austin, Texas' series 2008A and 2008B hotel occupancy tax (HOT) subordinate-lien variable-rate revenue refunding bonds and series 2012 HOT subordinate-lien revenue refunding bonds outstanding. At the same time, Standard & Poor's affirmed its '###/A-1' rating on the city's series 2008A and series 2008B HOT subordinate lien variable-rate revenue refunding bonds. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, Austin, and the letter of credit provider, JPMorgan Chase Bank N.A. The short-term component of the rating is based solely on the rating on JPMorgan Chase Bank N.A. The outlook is stable. For more information on the affirmation on the '##-' SPUR on the city's series 2008A, 2008B, and 2012 HOT bonds, see the article published March 2, 2015, on RatingsDirect. For more information on the '###/A-1' rating, see the article published...

Summary