Fitch Ratings and Moody’s Investors Service upgraded Chicago’s motor fuel tax-backed credit in conjunction with the city’s sale this week of $61 million of mostly new-money bonds to fund various street improvements.

Fitch upgraded the credit to A-plus from A and Moody’s raised it to A1 from A2. The action affects the current deal — $58.2 million of new-money bonds and a $3.1 million refunding — and $147 million of outstanding debt. Standard & Poor’s rates outstanding revenue bonds AA-plus but has not released a current review.

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