Moody's Investors Service said it has downgraded to B1 from Ba2 the rating on the city of Le Center, Minn.'s general obligation debt.

The B1 rating applies to $7.3 million of outstanding general obligation unlimited tax debt. The city has $12.3 million of outstanding general obligation debt, $7.3 million of which is rated by Moody's. The outlook remains negative.

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