Standard&Poor's Ratings Services has assigned its 'AA' rating to the City of San Antonio, Texas' $101.4 million electric and gas systems revenue bonds, new series 2009B; $249.8 million revenue bonds, taxable new series 2009C (direct subsidy--Build America bonds); and $209.4 million revenue refunding bonds, new series 2009D. At the same time, Standard&Poor's affirmed its 'AA' rating on San Antonio's $3.5 billion senior lien electric and gas revenue and refunding bonds, its 'AA-/A-1+' rating on the $402 million electric and gas systems junior lien revenue bonds, and its 'A-1+' rating on the tax-exempt commercial paper program. The outlook on the long-term ratings is stable. The commercial paper rating is linked to the long-term debt rating. Management expects
