Moody's Investors Service said it has downgraded the issuer rating of the city of Glendale, Calif., to Aa2 from Aa1 and has downgraded to A1 from Aa2 the rating of the city's variable rate demand certificates of participation, Series 2000C (2000 Police Building Project).

Approximately $50.7 million of debt is affected by this rating action. The outlook on these ratings is stable.

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