Standard & Poor's Ratings Services said it raised its long-term and underlying ratings on Union County, N.C.'s general obligation debt to AA-plus from AA.
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It also raised its long-term and underlying ratings on the county's limited-obligation bonds and certificates of participation to AA from AA-minus. The outlook on all the ratings is stable.
"The upgrade reflects our view of the county's debt restructuring and sustained very strong reserves," said Standard & Poor's credit analyst Timothy Little.
