DALLAS -- Standard & Poor's Nov. 4 raised its long-term rating on South Salt Lake, Utah's series 2010 sales tax refunding bonds by two notches to AA-plus from AA-minus, citing improved debt-service coverage. The outlook is stable.

“The raised rating reflects our opinion of the city's stable pledged revenue and significantly improved debt service coverage, partially due to maturity of all other parity bonds,” said Standard & Poor's analyst Daniel J. Zuccarello.

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