Gainesville Regional Utilities long-term rating revised

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GAINESVILLE, Fla (WCJB) -- Fitch Ratings, which downgraded GRU's overall debt last month, revised the long-term rating of the 70-million dollars' worth of bonds, according to a release from Fitch.

The long term investment rating improved from "A+" to "AA+" one step below Fitch's highest rating.

The short term rating is "F1+," which is their best rating.

The bond rating is separate from GRU's overall debt rating, which was downgraded in March because they added to the utility's overall liability.