Summary: San Antonio, Texas; Appropriations; General Obligation

S&P Global Ratings assigned its 'AAA' long-term rating to San Antonio, Texas' estimated $66.195 million series 2022 general improvement bonds, $92.115 million taxable series 2022 general improvement bonds, $80.62 million series 2022 combination tax and revenue certificates of obligation, and $42.175 million series 2022 tax notes. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on San Antonio's general obligation (GO) debt outstanding and its 'AA+' long-term rating on the city's lease revenue bonds. The outlook is stable. Proceeds from the multiple series will fund various parks, recreation, streets, utilities, facility and technology improvements, and an affordable housing project. The GO bonds, certificates, and notes are secured by the city's revenue from an annual ad valorem tax

...S&P Global Ratings assigned its '###' long-term rating to San Antonio, Texas' estimated $66.195 million series 2022 general improvement bonds, $92.115 million taxable series 2022 general improvement bonds, $80.62 million series 2022 combination tax and revenue certificates of obligation, and $42.175 million series 2022 tax notes. At the same time, S&P Global Ratings affirmed its '###' long-term rating on San Antonio's general obligation (GO) debt outstanding and its '##+' long-term rating on the city's lease revenue bonds. The outlook is stable. Proceeds from the multiple series will fund various parks, recreation, streets, utilities, facility and technology improvements, and an affordable housing project. The GO bonds, certificates, and notes are secured by the city's revenue from an annual ad valorem tax on all taxable property in San Antonio. The maximum allowable rate in Texas is $2.50 per $100 of assessed value (AV) for all purposes, with the portion dedicated to debt service limited...

Summary