CHICAGO — Moody's Investors Service downgraded $2.6 billion of Indianapolis Citizens Energy Group Water, Gas and Thermal and CWA Wastewater Revenue Bonds Thursday.

Moody's lowered $927 million of first lien water system bonds to A2 from A1 and second lien bonds to A3 from A2 while lowering $885 million of first lien wastewater bonds to A2 from A1 and $314 million of second lien bonds to A3 from A2.

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