CHICAGO - Fitch Ratings Tuesday upgraded Michigan to AA from AA-minus and Standard & Poor’s boosted its outlook to positive, with both agencies saying the state’s economy and fiscal position are on the rebound.

The news completes a trifecta of good ratings news for Michigan, as last week Moody’s Investors Service lifted its outlook to positive from stable, affirming its Aa2 rating on the state’s general obligation bonds.

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