Fitch Ratings last week revised its outlook to negative on Kalamazoo while affirming its AA-plus rating on much of the city's outstanding bonds.

The revision comes as the city prepares to sell $6.2 million of refunding bonds issued through the Kalamazoo Building Authority. The bonds are scheduled to sell this week, and the city will use the proceeds to refund outstanding debt issued in 1997, 1998, 2001, and 2002.

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