Moody’s Investors Service has dropped Juneau County’s rating to A2 from A1 due to a weakened general fund and a negative balance in its health services fund. The downgrade affects $12.4 million of outstanding general obligation debt.

“The A2 rating incorporates the expectation that the county’s rural $2.1 billion tax base will remain relatively stable, following a 3.6% decline in its equalized value in 2009,” according to Moody’s.

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