Moody's Investors Service said it has downgraded the city of Coralville, Iowa's long term GOULT rating to Baa2 from A3 and its general obligation annual appropriation and certificates of participation ratings to Ba1 from Baa2.

Concurrently, Moody's has downgraded the short term rating on Series 2011G Bond Anticipation Notes to MIG 3 from MIG 2.

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