Standard&Poor's Ratings Services revised its outlook to positive from stable on Augusta, Maine's general obligation (GO) bonds based on strong debt levels that it expects to remain favorable as the city assumes new debt, combined with existing strong credit factors. At the same time, Standard&Poor's assigned its 'AA' rating and positive outlook to the city's series 2015 general obligation (GO) bonds and affirmed its 'AA' rating on the city's GO debt outstanding. The city's full faith and credit pledge secures the bonds. We understand that officials will use bond proceeds to renovate and expand the library and make improvements to streets and energy systems. The ratings reflect our view of Augusta's: Strong economy due to the
