NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded the following rating on Minooka Community High School District 111, IL's (the district) outstanding bonds: --$8.3 million unlimited tax general obligation (ULTGO) bonds, series 2008, to 'A' from 'AA-'. The Rating Outlook is Stable. SECURITY The ULTGO bonds are obligations of the district, payable from its full faith and credit and its unlimited ad valorem tax on all taxable property within the district. KEY RATING DRIVERS DEFICIT FINANCING