SAN FRANCISCO (Standard&Poor's) March 6, 2014--Standard&Poor's Ratings Services raised its long-term rating and underlying rating (SPUR) to 'A+' from 'A' on Redlands, Calif.'s series 2007 pension obligation bonds and series 2003 lease revenue bonds. The outlook is stable. "The rating action is based on the application of our local general obligation criteria released Sept. 12, 2013," said Standard&Poor's credit analyst Carl Hargreaves. The rating reflects our view of such factors as the city's strong economy, strong budgetary flexibility, and very strong liquidity. The stable outlook reflects our view of the city's very strong reserve levels and balanced general fund operating performance. RELATED CRITERIA AND RESEARCH Related Criteria USPF Criteria: Local Government GO Ratings Methodology
