S&P ups Wylie G.O. bonds to A+

Standard & Poor's said it raised its rating on Wylie, Texas' general obligation bonds to A+ from A and assigned that rating to the city's $38.6 million series 2008 G.O. bonds and $15 million certificates of obligation.

The outlook is stable.

The upgrade is based on the city's maintenance of very strong financial reserves and the continued expansion of its tax base, S&P said.

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