Moody's Investors Service said it has downgraded to Aa3 from Aa2, the rating on the School District of Wisconsin Rapids, Wis.'s outstanding general obligation unlimited tax debt.

Concurrently, Moody's has assigned an Aa3 rating to the district's $6.4 million taxable general obligation refunding bonds. The Aa3 rating applies to $17.5 million of post-sale GO debt.

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