LOS ANGELES — Moody's Investors Service downgraded to A1 from Aa3 and assigned a negative outlook to the underlying rating of the general obligation bonds of Kootenai County School No. 273 in Post Falls, Idaho, affecting $8.5 million in debt.

Post Falls, a town of 27,574, located in northwestern Idaho 24 miles east of Spokane, Wash., has a local economy that has traditionally been dependent upon lumber products, agriculture, and tourism.

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