Standard & Poor’s revised the outlook on California State University’s A-plus-rated revenue bonds to positive from stable ahead of a $408 million issue scheduled to come to market Wednesday. The rating and outlook apply to about $2.5 billion of outstanding debt.

Standard & Poor’s improved its outlook on the “expectation that the system will sustain its financial performance even during a period of state funding cuts,” said analyst Mary Peloquin-Dodd.

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