Gulf Shores, Ala., Upgraded to AA-Plus by S&P

Standard & Poor's Ratings Services said it raised its rating on Gulf Shores, Ala.'s general obligation debt to AA-plus from AA.

It assigned its AA-plus long-term rating to the city's series 2015 GO warrants. The outlook is stable.

"The rating revision reflects the city's strong conservative budgeting which has maintained and improved fund balance levels," said Standard & Poor's credit analyst Edward McGlade, "and its improved budget performance is the main factor behind the upgrade."

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