CHICAGO - Toledo, Ohio, struggling with the toll auto industry job losses have taken on its coffers, lost its A-level rating yesterday from Moody's Investors Service.

Moody's downgraded the credit to Baa1 from A3 on $125.4 million of limited-tax debt and to Baa2 from Baa1 on $47.8 million of non-tax revenue debt and assigned a negative outlook to the credits, a signal that even at the lower rating the city could face further action.

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