Eve though it is sandwiched between bankrup Bridgeport and fiscally ailing New HAven, Milford has managed to maintain a sound budget, according to Colleen Woodell, a senior vice president at Fitch Investors Service.

So the agency assigned a rating of AA to the city's general obligation debt in anticipation of its offering this week of $8.18 million in bonds. The rating also applies to Milford's outstanding debt of $32.3 million.

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