Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to San Antonio, Texas' series 2015 general improvement and refunding bonds, series 2015 combination tax and revenue certificates of obligation, taxable series 2015 combination tax and revenue certificates of obligation, and series 2015 tax notes. At the same time, Standard&Poor's affirmed its 'AAA' long-term rating and underlying rating (SPUR) on the city's general obligation (GO) debt outstanding and its 'AA+' rating and SPUR on San Antonio Municipal Facilities Corp. debt, issued for the city. The outlook is stable. The bonds, certificates, and notes are secured by the city's levy of an annual ad valorem tax on all taxable property in the city. The maximum allowable rate in the
