Moody's Investors Service said it has downgraded to Aa3 from Aa2 the general obligation rating of East Lansing City School District, Mich.

The district has $58.4 million of GO debt, of which $51 million is rated by Moody's. Concurrently, Moody's removed the district's negative outlook. The district's GO bonds are secured by an unlimited tax pledge as authorized by voters.

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