Collingswood, N.J., which objected two years ago when Moody’s Investors Service slammed it with a six-notch downgrade to junk, received a AA-minus rating from Standard & Poor’s, the fourth-highest rating available.

Friday’s rating, Standard & Poor’s first for the 14,000 community in Camden County seven miles southeast of Philadelphia, affects general obligation bonds the borough issued in 1998, 2008 and 2009. The outlook is stable.

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