Fitch Ratings assigned top F1-plus short-term marks to Milwaukee's sale yesterday of $228 million of school revenue anticipation notes for the Milwaukee Public Schools, but revised its outlook on the city's AA-plus general obligation credit to negative from stable.

The city has $849 million of outstanding GO debt. The notes mature on June 30. The top short-term rating reflects the strength, stability, and predictability of revenue that is used to repay the notes.

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