Moody's Investors Service said it has downgraded to A1 from Aa3 the outstanding general obligation unlimited tax debt of the city of Columbus, Minn.

Concurrently, Moody's also downgrades to A3 from A2 the outstanding lease revenue debt of the city. The A1 applies to $12.9 million of outstanding GO debt and the A3 applies to $4.7 million of outstanding lease revenue debt.

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