CHICAGO -- Fitch Investors Service Inc. on Friday upgraded Minnesota's general obligation bond rating to AAA with a stable credit trend from AA-plus, citing the state's sound financial practices.

The rating action was taken in conjunction with the competitive sale planned for tomorrow of $2 1 0 million of various purpose general obligation bonds and $148 million of GO refunding bonds. The upgrade covers the state's $1.6 billion of outstanding GO debt as well as the two planned issues.

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