Standard&Poor's Ratings Services affirmed its 'AAA' long-term rating and underlying rating (SPUR) on the City of San Antonio, Texas' outstanding general obligation (GO) debt, based on our recently released local GO criteria. At the same time, Standard&Poor's affirmed its 'AA+' rating and SPUR on San Antonio Municipal Facilities Corp. debt issued for the city. The outlook is stable. The bonds are secured by a limited ad valorem tax levied on all taxable property located within the city, which is considered to be a GO pledge. The rating reflects our assessment of the following factors for the city: We consider San Antonio's economy to be strong, with its projected per capita effective buying income at 79.8% of
