October 29, 2012 / 9:06 PM / 6 years ago

S&P raises Newark Housing Authority rating to A-plus

Oct 29 (Reuters) - Standard & Poor’s Ratings Services said on Monday it raised Newark Housing Authority’s issuer credit rating to A-plus with a stable outlook from A-minus.

“The rating upgrade reflects our view of management’s improving operational and oversight efforts in recent years, as evidenced by a trend of improvement in overall operational performance, portfolio quality, and financial management,” said Standard & Poor’s credit analyst Ki Beom K. Park in a statement.

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