Moody's Investors Service said it has downgraded to A2 from A1 to Jasper County School District, S.C.'s outstanding $19.3 million bonds, which are secured by the district's general obligation unlimited ad valorem tax pledge.

Moody's has assigned an A2 underlying rating and a negative outlook and a Aa1 enhanced rating and a stable outlook to the district's $16.9 million general obligation refunding bonds, Series 2013.

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