CHICAGO – Milwaukee's $10 million competitive sale of water revenue bonds Thursday will mark its first publicly offered issuance under the credit since 1958 and launches a shift to more borrowing for water projects.

Fitch Ratings and S&P Global Ratings both assigned AA ratings to the bonds. That's on par with the AA rating Fitch assigns to the city's sewer revenue bonds and a notch higher than the AA-minus S&P assigns to the sewer debt.

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