ACE is a public facilities corporation created by the City of Austin
to own, finance and operate the Hilton Austin Hotel
2017A and 2017B Bond Convention Center Hotel Revenue Bonds
Rating Agency Actions
S&P Global Ratings analyzed and rated the Series 2017A and Series 2017B bonds upon issuance. Their report dated May 3, 2017 assigned a BBB+ rating to the Series 2017A bonds and a BBB- rating to the Series 2017B bonds. S&P Global Ratings continues their evaluation of the bonds. Attached are the various reports issued by S&P Global Ratings with regard to the Series 2017A and Series 2017B bonds.