Standard & Poor’s upgraded Buffalo’s general obligation debt to BBB-plus with a stable outlook from BBB ahead of two bond deals expected to price next week.

“We have not had this rating since 1991 from S&P,” said Buffalo Comptroller Andrew SanFilippo. “At a time when rust-belt cities are struggling to make ends meet, we’re enjoying record surpluses ... now it’s up to $76 million.”

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