Moody's Investors Service said it downgraded to Aa2 from Aa1 the rating on the city of Green Bay, Wis.'s general obligation debt, and to A1 from Aa3 the city's outstanding 2010 lease revenue bonds.

The bonds are secured by the city's general obligation unlimited tax pledge, and the 2010 lease revenue bonds are secured by the city's annual appropriation pledge.

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