Moody's Investors Service said it has upgraded to Aa2 from Aa3 the rating on the charter township of Green Oak, Mich.'s outstanding general obligation limited tax debt and assigned the Aa2 rating to the township's $14.5 million capital improvement bonds, Series 2013.

The upgrade to the Aa2 rating affects $39 million of post-sale general obligation limited tax debt that is rated by Moody's. Total outstanding debt will equal $40.2 million following the current sale.

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