(LANSING, Mich.) -- Gov. Rick Snyder announced Tuesday that Fitch Ratings has upgraded Michigan's general obligation credit rating to AA, the first time Fitch has rated Michigan above AA- since January 2007.
Standard and Poor's also upgraded Michigan's credit outlook to "positive," while affirming its AA- rating. Moody's announced a similar upgrade last week.
"Michigan is the comeback state and our progress is being recognized," Snyder said. "Within a week, we have seen positive movement from all three Wall Street rating agencies. That sends a clear message that Michigan is on the right track and moving forward."
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