Moody's Investors Service said it has downgraded the general obligation rating of Sweetwater Union High School District, Calif., to A1 from Aa3 and has also downgraded the rating on the district's outstanding certificates of participation, Series 2001 from A1 to A3.

Moody's has also assigned an A1 rating to the district's 2013 general obligation bond anticipation notes totaling approximately $36.7 million.

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