BRADENTON, Fla. — Fitch Ratings returned Florida's rating outlook to stable from negative, becoming the last of the three major rating agencies to do so following the economic downturn.

Fitch also affirmed its triple-A implied general obligation bond rating on $12.9 billion in debt backed by the state's full faith and credit, and the AA-plus rating on $900 million in outstanding appropriation-backed bonds issued by the Department of Management Services.

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