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S&P ups Waterbury, Conn., rates G.O. bonds BBB+
Standard & Poor's said it raised the underlying rating on Waterbury, Conn.'s outstanding general obligation bonds to BBB+ from BBB.
The agency also assigned a BBB+ rating to the city's $320 million taxable G.O. pension obligation bonds, series 2008, due 2028.
The outlook is stable.
The upgrade reflects the city's improved financial position and funding levels of the city's pension system through the issuance of the aforementioned bonds, the agency said.
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