Moody's Investors Service has downgraded to A2 from A1 the rating on the village of Somerset, Wis.'s outstanding general obligation unlimited tax debt.

Concurrently, Moody's has assigned an A2 rating to the village's ($1.38 million general obligation refunding bonds, Series 2012A. Post-sale, the village will have $5.9 million of outstanding general obligation debt.

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