Moody's Investors Service said it has downgraded to A1 from Aa3 Metropolitan Washington Airport Authority's $5 billion of airport revenue bonds.

Moody's also assigned the A1 rating to MWAA's expected $204.7 million Series 2013A, $27.3 million Series 2013B, and $10.7 million Series C airport system revenue and revenue refunding bonds. The rating outlook is revised to stable.

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