Standard&Poor's Ratings Services assigned its 'AA' rating to San Antonio, Texas' series 2007 electric and gas systems revenue and refunding bonds. Proceeds will be used to finance the capital investment program and to advance refund $67.4 million of senior-lien debt. At the same time, Standard&Poor's affirmed its 'AA' rating on the city's revenue bonds, its 'A-1+' short-term rating on the city's series A CP electric bonds, its 'AA' underlying rating (SPUR) on the city's electric and gas system bonds, and its 'AA-/A-1+' split rating on the city's electric and gas systems junior-lien and series 2004 variable-rate revenue bonds. The CP rating is linked to the long-term debt rating. The ratings reflect the city's: Strong economy, Economic
