CHICAGO — Moody’s Investors Service downgraded Akron’s general obligation and income-tax backed debt as the Ohio city struggles with a budget deficit and heads into what is expected to be a tough 2010.

Moody’s last week lowered $183.4 million of the city’s GO debt to A2 from A1 and $205.7 million of income-tax backed debt to A3 from A2. Akron’s outstanding debt totals roughly $780 million, much of which is utility-related and unrated by Moody’s.

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