SAN FRANCISCO (Standard&Poor's) March 16, 2016--Standard&Poor's Ratings Services raised its long-term and underlying ratings (SPUR) to 'A+' from 'BBB+' on Glendale, Ariz.'s existing general obligation (GO) bonds. At the same time, Standard&Poor's assigned its 'A+' long-term rating to the city's series 2016A and 2016B GO bonds. The outlook is stable. "The raised rating reflects our view of the city's significantly improved financial flexibility with a positive available fund balance for the first time in several years," said Standard&Poor's credit analyst Kate Burroughs. "The rating further reflects our view of the city's significantly improved management practices after posting either operational surpluses or balanced operations for three consecutive years after a prior ongoing operational
