Standard&Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on San Antonio, Texas' general obligation (GO) debt to 'AAA' from 'AA+', based on its maintenance of strong financial reserves, and continued diversification of the local economy. In addition, Standard&Poor's assigned its 'AAA' standard long-term rating to the city's $10.2 million series 2008 taxable general improvement refunding bonds. The rating reflects the city's: Deep and increasingly diverse economy, which has allowed management to successfully manage the city's operations through previous economic cycles; Strong financial management policies, which include a comprehensive long-term financial and capital program, Very strong financial performance and position, and Moderate overall debt burden. The city's ad valorem property pledge secures the
