CHICAGO — The Greater Cleveland Regional Transit Authority is bringing $41.7 million of highly rated sales-tax-backed bonds to market Thursday.

To attract investors, the authority boosted bondholder protections on the debt, which prompted Fitch Ratings to upgrade its outstanding debt to AA-minus from A-plus.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.