Moody's Investors Service said it has downgraded to A1 from Aa3 the rating on the city of Waupun, Wis.'s general obligation debt.

Concurrently, an A1 rating was assigned to the city's $4.3 million GO swimming pool bonds, Series 2013A. Post sale, the city will have $13.7 million of GO debt, $12.6 million of which is rated by Moody's. All GO bonds are secured by the city's general obligation unlimited tax pledge.

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