Standard&Poor's Ratings Services has assigned its 'AAA' rating and stable outlook to San Antonio, Texas' series 2010 general improvement refunding bonds. In addition, Standard&Poor's affirmed its 'AAA' rating on the city's general obligation (GO) debt outstanding. The outlook on all ratings is stable. The ratings reflect our assessment of 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 Moderately high overall debt burden. The city's ad valorem property pledge secures the bonds. Proceeds from the series 2010 bonds will refund a portion of the
