Moody's Investors Service said it has downgraded to A1 from Aa3 the rating on Marysville Exempted Village School District, Ohio's outstanding general obligation debt and assigned a negative outlook.

Concurrently, Moody's assigns an A1 underlying rating and Aa2 enhanced rating to the district's $11.1 million school improvement refunding bonds (general obligation unlimited tax), Series 2012.

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