Standard & Poor’s last week raised Cambridge’s general obligation rating one notch to AA-minus due to its stable financial operations and very strong reserves.

The rating agency also lifted the city’s lease-backed debt one notch to A-plus. The review came ahead of Cambridge’s sale of a series of refunding GOs.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.