NEW YORK (Standard&Poor's) Jan. 27, 2009--Standard&Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on Huntsville , Ala.'s general obligation (GO) debt outstanding to 'AAA' from 'AA+'. The outlook is stable. At the same time, we assigned an 'AAA' rating, and stable outlook, to the city's GO warrants series 2009A and 2009B in the amount of $120 million. "The upgrade reflects our opinion of the city's strong management practices and the expanding and diversifying local economy, which we expect will continue in the recession," said Standard&Poor's credit analyst Edward McGlade. "The stable outlook reflects Standard&Poor's view that the city's management will sustain its sound financial performance and position and
