Standard & Poor's Ratings Services revised the outlook on its AA-plus rating on Derry Township, Pa.'s general obligation debt and the outlooks on its AA-plus ratings on Derry Township Industrial & Commercial Development Authority's and Derry Township Municipal Authority's GO-equivalent securities, secured by the township, to stable from positive.

The outlook revision reflects Standard & Poor's assessment of challenges beyond the township's control that prevented management from achieving its goal of building general fund balance back to its $4 million policy requirement.

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