Standard&Poor's Ratings Services affirmed the short-term component of its 'AA-/A-1+' rating on San Antonio, Texas' water system subordinate lien revenue and refunding bonds series 2003-A and 2003-B (MBIA) due to the bank facility being extended to June 26, 2009. The long-term component of the rating is based on MBIA Insurance Corp of Illinois and remains on CreditWatch with developing implications. The short-term component of the rating is based on JPMorgan Chase Bank N.A.