Moody's Investors Service has downgraded to A3 from A2 the outstanding rating on the city of Jasper, Texas's general obligation limited tax debt.

Concurrently, Moody's assigned an A3 underlying rating to the city's $4.4 million combination tax and revenue certificates of obligation Series 2012. The A3 rating affects approximately $11.4 million in Moody's rated debt.

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