Standard & Poor's Ratings Services said it raised its issuer credit rating to AA-minus from A-plus on Warrensburg, Mo.
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At the same time, it raised its long-term rating and underlying rating to A-plus from A on the city's various lease-backed debt and limited general obligation bonds. The outlook stable.
"The rating action reflects our view of the city's improved general fund budgetary performance and maintenance of very strong reserves," said Standard & Poor's credit analyst Benjamin Gallovic.
The stable outlook reflects the view of Warrensburg's very strong budgetary flexibility and liquidity supported by strong management conditions.
