New York, July 24, 2014 -- Moody's Investors Service has downgraded to A3 from A2 the rating on City of Canton (IL)'s general obligation unlimited tax (GOULT) debt, affecting $7.6 million in outstanding debt. Moody's also downgraded to Baa1 from A3 the city's general obligation limited tax (GOLT) debt certificate rating, affecting $7.0 million in outstanding debt. Concurrently, Moody's has removed the negative outlook.
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