Fitch upgrades NY bond rating on budget strength

Published June 20, 2014 10:32pm ET



ALBANY, N.Y. (AP) — Another rating agency has decided to upgrade the New York’s bond rating.

Fitch Ratings says Friday that it’s raising the rating from AA to AA+ to reflect the state’s overall economic strength as well as “sustainable budgeting practices” and budgets that have been approved on time.

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