- S&P has upgraded Philadelphia for the third time in two years, increasing the city's general-obligation debt rating by two notches to A+ following three years of surpluses. The outlook is stable.
- S&P cited a state oversight board called the Pennsylvania Intergovernmental Cooperation Authority as a major reason for Philadelphia's "strong budget performance."
- The city's situation appears to stand in marked contrast to that of Chicago, which has huge pension obligations, and bankrupt Detroit.
- ETFs: MUB, PZA, MUNI, TFI, ITM, MLN, XMPT, SHM, SUB, PRB, SMB, PVI, SMMU, VRD, GMMB, RVNU
S&P lifts Philadelphia's rating by two notches
From other sites
at Nasdaq.com (Jan 30, 2015)
at CNBC.com (Jan 6, 2015)
at CNBC.com (Dec 24, 2014)
at CNBC.com (Jul 25, 2014)
at MarketWatch.com (Jan 6, 2014)
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