Moody's Investors Service said it has downgraded to Aa3 from Aa2 the rating on the city of Dearborn, Mich.'s outstanding general obligation unlimited tax debt and removed the negative outlook.

Moody's has also downgraded to A1 from Aa3 the rating on the city's outstanding general obligation limited tax debt. The city has $207 million of general obligation unlimited tax debt and $12.9 million of general obligation limited tax debt outstanding.

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