WASHINGTON -- Moody's Investors Service raised Delaware's general obligation bond rating Friday to Aal from Aa, citing "continued sound financial management, substantial budget reserves, effective debt management, and resilient economy."

Gov. Thomas Carper said the rating from Moody's is the highest in the state's history and the first upgrade it has received in more than a decade. "With this upgrade, Delaware's bond rating is now among the 12 best in the nation," he said.

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