SAN FRANCISCO (Standard&Poor's) Jan. 9, 2015--Standard&Poor's Ratings Services assigned its 'AA+' long-term rating to Glendale, Ariz.'s approximately $132 million series 2015A and 2015B senior lien excise tax revenue refunding bonds. At the same time, Standard&Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR) on the city's existing senior-lien excise tax revenue bonds and its 'AA' long-term rating and SPUR on the city's existing subordinate-lien debt, issued by various entities. The outlook on all ratings is stable. "The ratings reflect our view of the city's very strong liquidity position and strong maximum annual debt service on both liens," said Standard&Poor's credit analyst Kate Burroughs. "The rating further reflects our view of the
