Standard & Poor's Ratings Services has raised its underlying rating to AA-minus from A-plus rating on Mercer County Public Library District, Ky.'s series 2009 general obligation public project bonds.

"We based the upgrade on the library district's maintenance of very strong reserves after completion of the library's expansion project," said Standard & Poor's credit analyst Errol Arne. "The stable outlook reflects our expectation that the district will continue to maintain at least strong financial reserves," said Arne.

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