Fitch Ratings completed its recalibration of municipal bond ratings on Friday, raising their marks on more than 2,200 credits, according to its updated scale.

The rating changes affect 1,828 local tax-supported credits, 338 water and sewer credits, 50 higher education credits, and 27 public power credits. Los Angeles, for example, had its general obligation bonds raised to AA-minus with a stable outlook from A-plus with a stable outlook.

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.