Fitch Ratings said it has downgraded to BBB from BBB-plus Lynwood Public Finance Authority, Calif.'s $5.2 million lease revenue refunding bonds (public capital improvement project), series 2003A; $8.7 million lease revenue bonds (civic center improvement project), series 2010A;  and its implied unlimited tax general obligation bonds (GO) to BBB-plus from A-minus.

The rating outlook is revised to negative from stable.

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