Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to the City of San Antonio, Texas' series 2013 general improvement and refunding bonds and series 2013 combination tax and revenue certificates of obligation. At the same time, Standard&Poor's affirmed its 'AAA' long-term rating and underlying rating (SPUR) on San Antonio's general obligation (GO) debt outstanding and its 'AA+' rating and SPUR on the city's appropriation debt issued by the San Antonio Municipal Facilities Corporation. The outlook on all ratings is stable. The ratings reflect our view of the city's: Deep and increasingly diverse economy, which has allowed management to maintain stable financial operations through recessionary cycles; Very strong financial performance and position; Strong financial management policies, which
