Moody's Investors Service said it has downgraded to Baa1 from Aa3 the rating on Zion Park District, Ill.'s outstanding general obligation debt and has downgraded to Baa2 from A1 the rating on the district's outstanding debt certificates.

The Baa1 rating applies to $3.4 million in outstanding Moody's rated general obligation debt and the Baa2 rating applies to $460,000 in outstanding debt certificates.

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