CHICAGO - Fitch Ratings yesterday downgraded Lansing, Mich.'s outstanding general obligation debt to AA from AA-plus, citing the state capital's ongoing economic weakness, much of which stems from the shrinking U.S. automobile industry.

At the same time Fitch withdrew its ratings on a number of GO and sewer revenue bond issues for the city. The city asked Fitch to withdraw all its ratings on its debt due to the cost of maintaining ratings from all three rating agencies, according to the city's finance director.

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