Moody's Investors Service said it has downgraded Cook County CHSD 229 (Oak Lawn), Illinois' rating to Aa3 from Aa2.

Concurrently, Moody's assigns a Aa3 rating to the district's $995,000 general obligation limited tax school bonds, Series 2012A and $7.4 million general obligation limited tax school bonds, Series 2012B.

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