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ADJOURNED 'til Thursday at 11 a.m. (informal)
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By Colin A. Young

STATE HOUSE, BOSTON, OCT. 12, 2017....About $818 million in general obligation and refunding bonds the Treasury is preparing to issue next week earned an AA rating and stable outlook from a major credit rating agency Thursday.

S&P Global Ratings gave its second-highest rating to two $300 million general obligation bond series and a $218.13 million refunding bond series that the Treasury is expecting to issue on Oct. 18. The rating agency also assigned a stable outlook on its ratings. The same bonds last week were assigned Aa1 ratings by Moody's Investors Service.

"The stable outlook reflects our view that Massachusetts' strong economic growth and proactive management will allow it to continue to manage its budgetary pressures, even amid midyear budget shortfalls, albeit with some continued use of one-time measures to balance the budget," S&P Global Ratings credit analyst David Hitchcock said in a statement.

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