WASHINGTON — The South Carolina Infrastructure Bank, the state’s main issuer for highway project funding, expects to competitively sell $225 million of new-money and refunding bonds on Tuesday, following a downgrade by Moody’s Investors Service to A1 from Aa3 due to weakened debt-service coverage.

The deal includes $191.9 million of revenue bonds and $33.4 million of advanced refunding bonds for debt issued in 2001. The new bonds will mature between 2034 and 2040 and the refunding bonds will mature between 2012 and 2024.

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