S&P: Pa. Inter. Cooperation Authority rating raised to AAA
Sept 30 (Reuters) - Standard & Poor's Ratings Services on Monday raised its rating on Pennsylvania Intergovernmental Cooperation Authority's special tax revenue bonds outstanding to triple-A from double-A.
The outlook is stable.
The bonds are for the City of Philadelphia Funding Program.
The rating reflects strong, and growing debt service coverage that has been steadily improving in the past decade, S&P said.
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