Moody's Investors Service said it has downgraded to Aa3 from Aa2 the general obligation rating of the city of Fremont, Ohio, in conjunction with the sale of $7.3 million general obligation limited tax various purpose refunding bonds, Series 2012.

Concurrently, Moody's has assigned the Aa3 rating to the city's long-term general obligation limited tax debt, of which $9.9 million will be outstanding following the current sale.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.