DALLAS — The Texas Public Finance Authority plans to issue $45 million of general obligation refunding bonds Dec. 4.

The deal is the first for the agency since Standard & Poor's raised its rating on the state's GO debt to AAA from AA-plus on Sept. 30. The upgrade, affecting $14.5 billion of outstanding Texas GO bonds, brought S&P in line with the triple-A ratings from Moody's Investors Service and Fitch Ratings.

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