Fitch Ratings yesterday upgraded the Long Island Power Authority’s $5.9 billion of revenue debt to A from A-minus. The rating agency also changed the outlook stable from negative.

The rating boost comes as LIPA prepares to issue $410 million of debt on May 4 and 5, according to authority spokeswoman Vanessa Baird-Streeter. The upcoming sales include $200 million of Series 2010A tax-exempt refunding bonds and $210 million of Series 2010B taxable Build America Bonds.

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