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, 2013. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, San Antonio, and the letter of credit provider, Wells Fargo Bank N.A. The short-term component of the rating is based solely on the rating on the letter of credit provider, Wells Fargo Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009
