Standard&Poor's Ratings Services affirmed its 'A-1+' rating on San Antonio, Texas' series A water system commercial paper (CP) notes based on the water system's strong general creditworthiness. The notes are payable from a pledge of net system revenues. An amended revolving credit agreement between San Antonio and Bank of America N.A. and State Street Bank and Trust Co., effective July 8, 2008, and extending through July 7, 2009, provides liquidity support. This amended revolving credit agreement indicates a reduction the total commitment amount to $300 million from $500 million. In addition, the commitment amount is split between both financial institutions, with Bank of America providing liquidity up to $200 million and State Street Bank and Trust Co. for
