Standard & Poor’s this week upgraded Eau Clai re’s rating to AA-plus from AA in recognition of the city’s strong financial performance, continuing development, and an increasingly diverse employment base.

The general obligation rating upgrade came in conjunction with the agency’s review of the upcoming sale of $6.2 million of GO corporate purpose revenue bonds, $2 million of GO promissory notes, and $8.1 million of taxable GO refunding bonds.

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