Moody's Investors Service has downgraded to A1 from Aa3 Dewitt Public Schools, Mich.’s general obligation debt and assigned an A1 underlying rating and Aa2 enhanced (SBQLP) rating with a stable outlook to its $6.4 million 2012 refunding bonds.

Post-sale the district will have $51.5 million in outstanding general obligation debt, $28.5 million of which is Moody's rated.

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