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Buena Vista Township, Mich.

Rating: BBB-
Type: General Obligation - Limited Tax
Sector: City

Fitch's definition of credit rating: 'BBB' National Ratings denote a moderate default risk relative to other issuers or obligations in the same country. However, changes in circumstances or economic conditions are more likely to affect the capacity for timely repayment than is the case for financial commitments denoted by a higher rated category.

Photo: AP