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New York, August 09, 2022 -- Moody's Investors Service has upgraded the rating on the City of Bridgeport, CT's general obligation bonds to A3 from Baa1. The city has approximately $900 million of outstanding obligations. The outlook has been revised to stable from positive. Moody's has also assigned an A3 rating to the city's General Obligation Bonds, 2022 Series A. The bonds have an expected par value of $23.1 million.
Please view the full press release below.