Moody's Investors Service said it has downgraded the rating to Aa1 from Aaa on the city of Omaha Neb.'s outstanding general obligation unlimited tax and general obligation limited tax lease rental debt to Aa1 from Aaa.

Moody's assigned a Aa1 to the city's $26.8 million various purpose and refunding bonds, series 2012A and $31.3 million general obligation refunding bonds, series 2012B.

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