St. Joseph County received an upgrade and a downgrade from rating agencies last week — bringing the rating on its limited-tax bonds in alignment at the high single-A level — in advance of $5.3 million of limited-tax bridge refunding bonds the county is planning to sell this week.

Located in north-central Indiana, the county is home to the University of Notre Dame, which acts as an anchor to the area, analysts said. Exposure to the weak automotive industry has led to an 11% unemployment rate.

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