Moody's Investors Service said it has downgraded to Aa2 from Aa1 the rating on the city of Cincinnati, Ohio's general obligation unlimited tax debt.

Concurrently, Moody's has downgraded to Aa3 from Aa2 the rating on the city's outstanding economic development and non-tax revenue debt and the Convention Facilities Authority of Hamilton County's second lien revenue bonds, Series 2004.

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