DALLAS (Standard&Poor's) Aug. 13, 2013--Standard&Poor's Ratings Services raised its underlying rating (SPUR) on Springdale, Ark.'s series 2006 sales-and-use tax bonds one notch to 'A+' from 'A'. The outlook is stable. The upgrade reflects Standard&Poor's assessment of the city's improved debt service coverage due to the upcoming refunding and the recent rebound in sales tax revenue. Standard&Poor's also assigned its 'A+' long-term rating and stable outlook to the city's $82.21 million series 2013 sales-and-use tax refunding bonds. "We believe that after several years of decreases, pledged revenue will likely continue to grow as the city undergoes healthy commercial and residential development after the national economic downturn. We also believe pledged revenue will likely
