Standard & Poor's Ratings Services said it has raised its issuer credit rating on Tamarac, Fla. to AA from AA-minus.

"The upgrade reflects steady increases in general fund reserves despite significant revenue declines," said Standard & Poor's credit analyst Hilary Sutton.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.