CHICAGO (S&P Global Ratings) April 20, 2023--S&P Global Ratings revised its outlook to positive from stable on the city of Philadelphia's outstanding general obligation (GO) bonds and city service agreement revenue bonds, and Philadelphia Authority for Industrial Development (PAID)'s lease revenue bonds issued for the city. At the same time, we affirmed our 'A' rating on the city's GO bonds outstanding, city service agreement revenue bonds, and PAID lease revenue bonds. We also affirmed our 'AA+/A-1+' rating on certain PAID debt, with TD Bank providing liquidity support. In addition, we assigned our 'A' rating and positive outlook to the Philadelphia Redevelopment Authority's $79.395 million series 2023A city service agreement revenue bonds (federally taxable social bonds), $19.845 million series 2023B city
