Hutchinson, Kan., Upgraded to AA-Minus by S&P

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA-minus from A-plus on Hutchinson, Kan.'s general obligation bonds.

The outlook is stable.

"The upgrade is due to the city's improved financial management practices coupled with conservative budgeting, which together have enabled the city to improve and grow very strong reserve levels," said Standard & Poor's credit analyst Sarah Smaardyk.

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