Fitch Ratings said it upgraded to AA from AA-minus $483.7 million outstanding North Slope Borough, Alaska, general obligation bonds and assigns a AA rating to its $95.5 million GOs series 2012.

The bonds are scheduled to sell via negotiation on or about Oct. 18, 2012. The proceeds will fund the borough's ongoing capital improvement program and costs of issuance. The rating outlook is stable.

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