By Darrell Jackson | The Glendale Star
Glendale continues to improve its financial ratings as Standard & Poor issued the city a positive outlook rating, upgrading the city’s rating to stable from negative.
The city’s continued growth with its operational surplus was a strong factor for the improved outlook.
The affirmative response from Standard & Poor’s follows a September 2014 rating change from Moody’s Investors Services, which also changed the city’s outlook to stable from negative on the city’s outstanding General Obligation bonds.
