We see the Swedish Municipality of Sundsvall as benefitting from a very strong institutional framework, robust budgetary performance, and a local economy with sound macroeconomic structures. We are raising our rating on Sundsvall to 'AA+' from 'AA' and affirming the 'K-1' short-term national scale rating. The stable outlook reflects our expectations of continued sound budgetary performance and only modest net new borrowing needs for the city treasury through 2013. STOCKHOLM (Standard&Poor's) April 5, 2011--Standard&Poor's Ratings Services said today that it had raised its long-term issuer credit rating on the Swedish Municipality of Sundsvall to 'AA+' from 'AA'. The outlook is stable. At the same time, the'K-1' short-term Nordic national scale rating was affirmed. "The ratings reflect
