Moody's Investors Service has downgraded to A1 from Aa3 the Springfield School District 186, Ill.'s general obligation limited tax bonds.

Concurrently, Moody's has assigned an A1 rating to the district's general obligation limited tax refunding bonds, Series 2013A ($9.7 million) and Series 2013B ($24.1 million). Post-sale, the district holds $86.7 million of outstanding general obligation limited tax bonds, $82.9 million of which is rated by Moody's. The outlook is negative.

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