Fitch Ratings said it has downgraded the following Kalamazoo, Mich., ratings: implied unlimited tax general obligation (ULTGO) bond rating to AA from AA-plus; $3.1 million Michigan Transportation Fund (MTF) limited tax general obligation (LTGO) bonds to AA from AA-plus; $17 million capital improvement LTGO bonds to AA-minus from AA-plus; $2.1 million downtown development LTGO bonds to AA-minus from AA-plus; and $22.8 million Kalamazoo Building Authority LTGO bonds to AA-minus from AA-plus.

The rating outlook remains negative on the ULTGO and LTGO ratings.

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