S&P revises Clifton Board of Education, N.J. outlook to positive

Fri May 10, 2013 2:35pm EDT

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May 10 (Reuters) - Standard & Poor's Ratings Services said it had revised the outlook on existing debt of Clifton Board of Education, N.J. in Clifton, New Jersey, to positive from stable.

S&P said the outlook revision reflects the board's continued improvement to the general fund balance and further projected increases.

S&P also affirmed the board's AA-minus long-term rating and A issuer credit rating.