S&P revises Elmira City School District, N.Y. outlook to stable

Sept 27 Fri Sep 27, 2013 4:39pm EDT

Sept 27 (Reuters) - Standard & Poor's Ratings Services on Friday revised its outlook on Elmira City School District general obligation debt to stable from negative.

The outlook revision reflects district's improved reserve position following structural adjustment to its budget and revised budget assumptions for 2014, S&P said.

At the same time, Standard & Poor's has affirmed its single-A rating on the district's outstanding general obligation debt.