Moody's Investors Service has downgraded to Baa2 from Baa1 the rating on Fitzgerald Public School District, Mich.'s outstanding general obligation unlimited tax bonds.

Concurrently, Moody's has downgraded to Baa3 from Baa2 the rating on the district's outstanding general obligation limited tax debt. The negative outlook on the district has been removed. The Baa2 and Baa3 ratings apply to $31.2 and $3.8 million in outstanding GOULT and GOLT debt, respectively.

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