Standard&Poor's Ratings Services has affirmed its 'A-' rating on the City of Austin, Texas' rental car special facility revenue bonds, taxable series 2013. The outlook is stable. The rating reflects our assessment of the following factors: Austin-Bergstrom International Airport (AUS) has a strong origin and destination market (95%), with solid passenger traffic growth of 2.9% annually during the past seven years to reach an all-time high of 4.7 million enplaned passengers in 2012. The airport's strong and increasing service area benefits from a strong economy with a low unemployment rate, an increasing population, and high income levels. The bonds' financing structure contains a debt service reserve, a debt coverage fund that total approximately 125% of annual debt service,
