Moody's Investors Service said it has downgraded to A1 from Aa3, the rating on the city of Portage, Wis.'s outstanding general obligation unlimited tax debt.

Concurrently, Moody's has assigned an A1 rating to the city's $5.6 million general obligation corporate purpose bonds, Series 2012A; $2 million general obligation promissory notes, Series 2012B; and $2.2 million taxable general obligation corporate purpose bonds, Series 2012C. The A1 rating applies to $14.6 million of post-sale GO debt.

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