Moody's Investors Service said it has downgraded to Baa2 from A3 Boyd County, Ky.'s general obligation rating and assigned a Baa2 rating to the county's $4.2 million general obligation refunding bonds, Series 2013.

The downgrade to Baa2 affects $14.6 million in outstanding Moody's-rated parity debt, exclusive of the current issue. The county has approximately $11.9 million in other debt obligations not rated by Moody's.

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