Fitch ups MWiK bonds to BBB+

Fitch Ratings said it upgraded Miejskie Wodociagi i Kanalizacja w Bydgoszczy Sp. zoo's (MWiK) first and second series secured revenue bonds to BBB+ from BBB and removed the ratings from rating watch positive.

The outlook is stable.

The actions follow publication of Fitch's new "Government-Related Entities Rating Criteria," which was applied in its assessment of MWiK's ratings.

The agency placed the ratings on positive watch on Nov. 29 after the release of the exposure draft of the GRE criteria.

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