Moody's Investors Service said it has upgraded to Aa2 from Aa3 the underlying rating on Redwood County, Minn.'s general obligation debt.

Concurrently, Moody's has assigned a Aa2 underlying rating to the county's $5.4 million general obligation bonds, Series 2013A. Moody's has also assigned a Aa2 enhanced rating with a negative outlook to the Series 2013A bonds. Post-sale, the county will have $8.7 million of general obligation debt outstanding.

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