Standard & Poor's Ratings Services said it revised the outlook on Vermont's general obligation (GO) bonds to stable from positive, and affirmed its AA-plus rating on the bonds.
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At the same time, Standard & Poor's assigned its AA-plus rating, with a stable outlook, to Vermont's series 2014 A, B, and C GO bonds.
"The outlook revision reflects Vermont's slower-than-average economic recovery, which continues to pressure the budget, in our view," said Standard & Poor's credit analyst Robin Prunty.
