Moody's Investors Service said it has downgraded to A3 from A1 the rating on $36.2 million in Berkeley County Public Service District, W.Va., outstanding rated parity debt; the outlook has also been revised to negative.

Moody's assigned an A3 rating and negative outlook to the district's $7.5 million water refunding revenue bonds, Series 2012A and $7.7 million water revenue bonds, Series 2012B.

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