S&P upgrades Atlantic City’s debt rating; Outlook stays positive

Standard & Poor’s Global Ratings has upgraded Atlantic City's long-term rating to BB+ from BB, bringing the city one step closer to investment grade. The positive outlook reflects the city’s improved financial position, stronger management practices, and ongoing state oversight. Key factors for the upgrade include robust budget planning, elimination of payables, and improved reserves. Mayor Marty Small, Sr. expressed gratitude for the upgrade, highlighting the city's continued progress.