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S&P lifts Missoula, Mont., bonds to BBB+
Standard & Poor's said it raised to BBB+ from BBB its rating on Missoula, Mont.'s outstanding pooled special sidewalk, curb, gutter and alley approach bonds.
The outlook is stable.
S&P also said it assigned the BBB+ rating and stable outlook to the city's $56 million of series 2008A pooled special sidewalk, curb, gutter and alley approach bonds.
The upgrade is based on the city's steady special-assessment collection history and its ability to maintain an adequate cash balance in its revolving fund, S&P said.
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