...S&P Global Ratings assigned its '###' long-term rating to San Antonio, Texas' series 2018 general improvement bonds, combination tax and revenue certificates of obligation, taxable combination tax and revenue certificates of obligation, and tax notes. At the same time, S&P Global Ratings affirmed its '###' long-term rating and underlying rating (SPUR) on the city's existing general obligation (GO) debt, its '##+' long-term rating and SPUR on San Antonio Municipal Facilities Corp.'s debt, its '##+' long-term rating and SPUR on San Antonio Public Facilities Corp.'s debt, and its '##+' long-term rating on Starbright Industrial Development Corp.'s debt issued on behalf of the city. The outlook is stable. San Antonio's GO bonds are eligible to be rated above the sovereign because we believe the city can maintain better credit characteristics than the U.S. in a stress scenario. Under our criteria "Ratings Above The Sovereign: Corporate And Government Ratings--Methodology And Assumptions," published...
