Standard & Poor's Corp. and Moody's Investors Service yesterday raised their ratings on the Commonwealth of Massachusetts' general obligation bonds several notches Wednesday, lifting the state from its status as the lowestrated state in the country.

Standard & Poor's raised the rating on Massachusetts general obligation debt and related guaranteed bonds to A from BBB, while Moody's upgraded the GOs from Baa to A. Both agencies cited the state's improved financial status, highlighted by significant spending cuts, asa impetus for. the upgrades.

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