Moody's Investors Service said it has downgraded to A2 from A1 the rating on the city of Burlington, Iowa's outstanding general obligation debt and sewer revenue bonds.

Concurrently, an A2 rating has been assigned to the city's $2.5 million taxable general obligation bonds, Series 2013A; $3.7 million taxable general obligation corporate purpose bonds, Series 2013B; $5.9 million general obligation corporate purpose and refunding bonds, Series 2013C; $1.2 million general obligation refunding bonds, Series 2013D; and sewer revenue bonds, Series 2013E.

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