Moody's Investors Service said it has downgraded to A3 from A2 the rating on Snohomish County Public Hospital District No. 3, Wash.'s general obligation limited tax bonds outstanding in the amount of $13.7 million.

The GOLT bonds are a general obligation of the district for which it covenanted to budget and levy ad valorem property taxes within the constitutional and statutory limitations of non-voter approved debt.

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