SAN FRANCISCO (Standard&Poor's) May 22, 2003--Standard&Poor's Ratings Services today revised its outlook to stable from negative on Redlands, Calif.'s general obligation debt outstanding, based on higher than expected fiscal 2003 revenues and revised general fund results that far exceed prior estimates. The 'A' rating on the $6.4 million in bonds is affirmed. "In addition to the city's higher than expected fiscal 2003 revenues, the outlook revision reflects an anticipated unreserved fund balance of $6.1 million, revised from a previous projection of only $327,000," said Standard&Poor's credit analyst Paul Dyson. The affirmed 'A' rating continues to reflect a resilient economy, slightly above average income indicators, and moderate overall debt levels. The city has no current
