Moody's Investors Service said it has downgraded to Baa1 from A2 the rating on Douglas & Champaign Counties CUSD 301 (Tuscola), Ill.'s general obligation unlimited tax debt. The outlook remains negative. The Baa1 rating and negative outlook applies to $5.4 million of outstanding rated general obligation debt.

The outstanding rated bonds are secured by the district's general obligation unlimited tax pledge.

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