S&P lifts Alaska development bonds to AA-

Standard & Poor's said it raised its underlying rating to AA- from A on the Alaska Industrial Development and Export Authority's outstanding bonds.

At the same time, S&P said it assigned its AA- rating to the authority's $53.795 million of series 2008A and $53.59 million of series 2008B revolving fund refund bonds.

The outlook is stable.

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