Fitch Ratings revised its outlook on Pawtucket, R.I., general obligation bonds to positive while affirming its BBB-minus rating, the lowest rung of investment grade.

“Increased revenues and expenditure cuts have helped stabilize city operations,” the rating company said in a statement late Tuesday afternoon. “Fitch views management projections for additional improvement in operations and reserves as reasonable given management’s effectiveness in cost cutting, efficiencies gained through attrition, and revenue improvement.”

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