Moody's Investors Service said it has downgraded to A1 from Aa3 the rating on West Clermont Local School District, Ohio's general obligation tax debt and affirms the negative outlook.

Concurrently, Moody's assigned an A1 rating to the district's $3.97 million school improvement unlimited tax general obligation refunding bonds, Series 2013. The A1 rating and negative outlook applies to $36.5 million of outstanding general obligation debt, including current offering.

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