CHICAGO — Fitch Ratings stripped $9.3 million of special-assessment revenue bonds from the Toledo-Lucas County Port Authority of their investment-grade rating Wednesday.

The authority issued the bonds in 2007 to finance the Town Square at Levis Common, a mixed-use development in the town of Perrysburg outside Toledo. They are being downgraded amid the developer’s failure to make debt-service payments and the county treasurer’s refusal to pursue a tax-lien sale as stipulated in the bond agreements.

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