OREANDA-NEWS. S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to 'AAA' from 'AA+' on Arcadia, Calif.'s general obligation (GO) bonds outstanding. The outlook is stable.

"The rating action reflects our view of the city's local economic improvement, especially lower unemployment rates and improved property wealth," said S&P Global Ratings credit analyst Michael Parker. "The rating action also reflects our view of the city's increase in available reserves to more than 75% of expenditures as a result of positive general fund performances in recent years," Mr. Parker added.

The stable outlook reflects our view of the city's very strong and stable economy given its participation in the Los Angeles-Long Beach-Anaheim metropolitan statistical area.