Standard & Poor’s Global Ratings has given its AA+ long-term rating to Johnston’s general obligation bonds and existing general obligation debt, according to a release. The rating reflects S&P’s view of the city’s “very strong economy” and “strong management.” S&P said in its report that it expects the city’s credit characteristics to remain strong during the two-year outlook. The ratings firm took note of Johnston’s budgetary flexibility, with an available fund balance in fiscal 2015 of 41 percent of operating expenditures and the ability to raise additional revenue despite statewide tax caps; strong liquidity, with total government available cash at 115.5 percent of total governmental fund expenditures; and its strong management, with good financial policies and practices, according to the release.