Moody's Investors Service said it has downgraded to Aa3 from Aa2 the rating on Tacoma, Wash.'s unlimited tax general obligation bonds outstanding in the amount of approximately $21.8 million.

Also, Moody's has downgraded to A1 from Aa3 the city's previously issued limited tax general obligation bonds (LTGO) outstanding in the amount of approximately $236.3 million.

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