Standard&Poor's Ratings Services affirmed its 'AAA/A-1+' rating on San Antonio, Texas' hotel occupancy tax subordinate lien variable-rate demand bonds series 2008 due to the bank facility being extended to July 11, 2012. The long-term component of the rating is based jointly (assuming low correlation) on the rating of the obligor, San Antonio, and the letter of credit provider, Wachovia Bank N.A. The short-term component of the rating is based solely on Wachovia Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 Criteria: Joint Support Criteria Update, April 22, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007
