SAN FRANCISCO – Standard & Poor’s revised its outlook on San Jose, Calif.’s debt to stable from negative, impacting more than $1 billion of outstanding bonds.

It affirmed its AA-plus long-term and underlying rating on the city’s general obligation bonds, its AA-plus issuer rating, and its AA long-term and underlying rating on the San Jose Finance Authority’s lease revenue debt. S&P also kept its AA rating on the authority’s lease-revenue refunding bonds issued for the city.

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