DALLAS (Standard&Poor's) July 25, 2014--Standard&Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) to 'AA-' from 'A' on Prattville, Ala.'s outstanding general obligation (GO) debt. At the same time, Standard&Poor's assigned its 'AA-' long-term rating to the city's series 2014 GO refunding warrants. The outlook is stable. "The raised ratings are due primarily to our view of the city's significant improvement of its financial position during the past three fiscal years," said Standard&Poor's credit analyst Lauren Spalten. The ratings reflect our opinion of the city's: Adequate economy, Adequate management, Strong budgetary flexibility, Very strong liquidity, Strong budgetary performance, and Weak debt and contingent liabilities profile. GO warrant proceeds will be
