NEW YORK (S&P Global Ratings) May 18, 2021--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'AA+' rating on Saratoga Springs, N.Y.'s general obligation (GO) long-term debt. At the same time, we assigned our 'AA+' long-term rating to the city's $6.168 million series 2021 GO public improvement bonds. The outlook is stable. "The outlook revision reflects our view that Saratoga Springs has been able to absorb the economic and financial costs of the past year while still maintaining its very strong credit quality. Additionally, forward-looking estimates for the current year and near future are balanced-to-positive," said S&P Global Ratings credit analyst John Kennedy. Unaudited regulatory update documents show the city's available fund balance declined in 2020
