September 17, 2012 / 6:17 PM / 5 years ago

S&P revises Vermont's outlook to positive from stable

Sept 17 (Reuters) - Standard & Poor's Ratings Services on Monday revised its outlook on State of Vermont's general obligation rating to positive from stable citing the state's improving pension funding, and increasing budget reserves.

In addition, S&P affirmed the state's 'AA+' GO bond rating and assigned GO series 2012 E and F its 'AA+' long-term rating.

The positive outlook means that S&P could raise Vermont's 'AA+' rating in the next two years if the state continues to make progress in improving its financial position.

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