• S&P drops University of North Carolina at Pembroke issuer credit rating to A-

• S&P upgrades Monroe County Industrial Development, N.Y., revenue bonds to AA

• S&P raises San Buenaventura, Calif., debt to AA

• S&P elevates Independence, Kan., G.O. bonds to A+ from A

• S&P lifts Hermiston, Ore., G.O. bonds to AA-

• S&P ups Otsego, Minn., G.O. debt to AA

• Moody’s rates Lee County School Board, Fla., series 2014A COPs Aa3

• S&P applies A+ to Lee County School Board, Fla., series 2014A COPs

• Moody’s gives Aa3 to Clover School District No. 2, S.C., series 2014 G.O. bonds

• Fitch assigns BBB+ to Niagara Frontier Transportation Authority, N.Y., series 2014 airport bonds

• S&P rates Spring Hill, Tenn., G.O. public improvement bonds AA

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