Moody’s Investors Service hit Rock Island County Metro Mass Transit District in Illinois with a one notch downgrade to Aa3 over the district’s heavy reliance on aid from the struggling state to cover operations and debt service.

The action affects $9.2 million of outstanding general obligation debt. Debt service on the district’s rated bonds is paid with operating assistance revenues from the state although they benefit from being secured by the district’s general obligation unlimited tax pledge.

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