NEW YORK - Fitch Ratings said it has downgraded to D from BB the rating on the $9.43 million special assessment revenue bonds, Series 2007 (Town Square at Levis Commons special assessment project) of the Toledo-Lucas County Port Authority.

The bonds are special limited obligations payable by the issuer from special assessments levied on the assessment property by the city of Perrysburg (the city), in Wood County, Ohio (the county). A $1.3 million cash funded debt service reserve fund also supports the bonds.

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