Standard & Poor's on Oct. 11 raised its rating on Bridgeport, Conn.'s general obligation bonds to A from A-minus, based on the rating company's recently released local GO criteria. The outlook is stable.

S&P also assigned its SP-1-plus short-term rating to Bridgeport's Series 2013B GO tax anticipation notes, based on a stable revenue profile and 1.5 times debt service coverage projected at maturity.

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