Moody's lowers Fort Worth, Texas, debt to Aa2

Moody's Investors Service said it downgraded to Aa2 from Aa1 the general obligation rating for Fort Worth, Texas, affecting $371 million of outstanding debt.

At the same time, Moody's said it downgraded to Aa3 from Aa2 about $21.9 million of remaining debt for lease revenue bonds issued in 2004 on behalf of the city by Service Center Relocation, Inc.

The outlook is stable.

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