Moody's Investors Service said it has downgraded to Baa1 from Aa3 and to Baa2 from A1 the rating on Fitzgerald Public School District, Mich.'s general obligation unlimited tax and general obligation limited tax pledges, respectively.

Concurrently, a negative outlook is assigned to the district. Baa1 and Baa2 ratings and negative outlook apply to $27.5 million and $3.8 million in outstanding GOULT and GOLT debt, respectively

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