Moody’s Investors Service this week upgraded San Diego’s sewer bonds ahead of two issues worth as much as $1 billion.

The agency upgraded the sewer revenue bonds to A2 from A3 and changed the outlook on the bonds to stable from negative. The move follows an upgrade by Fitch Ratings, which raised the bonds to AA-minus from BBB-plus. Standard & Poor’s affirmed its A-plus rating on the debt.

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