CHICAGO – Moody’s Investors Service downgraded Green Bay, Wis.’s general obligation rating one notch to Aa2 as it prepares to sell $25 million of taxable lease revenue bonds to finance convention center improvements.

Moody’s assigned an A1 rating to the new issue being sold through the Green Bay Redevelopment Authority. That represents a one-notch downgrade in the city’s 2010 lease bonds which are secured by an annual appropriation pledge. The general obligation rating was lowered from Aa1.

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