Moody's Investors Service said it has upgraded the underlying rating on the city of White House, Tenn.'s general obligation bonds to Aa3 from A1.

The Aa3 rating affects $2.9 million of outstanding rated general obligation bonds. The bonds are secured by the city's unlimited property tax pledge.

The Aa3 incorporates the city's healthy finances, demonstrated by strong reserves and proactive financial management, its manageable debt burden and its modest but growing tax base.

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