Standard & Poor’s upgraded $236.7 million of Guam general obligation bonds to B-plus from B.

“The upgrade is based on the general government’s improved financial performance, the direct result of greater political consensus to enhance revenues and control expenditure growth, including for the Guam Public School System, as well as leadership more fully addressing the substantial unfunded long-term liabilities on Guam’s balance sheet,” said analysts Theodore Chapman and Paul Dyson in a report Wednesday.

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