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Chicago Rating Cut to Junk by Moody's on Pension Struggle
Bloomberg Chicago had its credit rating cut to junk by Moody's Investors Service after the Illinois Supreme Court's rejection of a state pension-overhaul plan reduced the city's options for fixing its own underfunded system. The two-level downgrade to Ba1 affects $8.1 ... UPDATE 1-Moody's drops Chicago's credit rating to 'junk' Moody's Downgrades Chicago To 'Junk' Bond Status Chicago credit rating plummets to junk status following pension ruling |
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titled Chicago Rating Cut to Junk by Moody's on Pension Struggle - Bloomberg.
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editor - Tuesday, May 12, 2015
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