Chicago Rating Cut to Junk by Moody's on Pension Struggle - Bloomberg

Peoria Public Radio

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'Reuters Moody's Downgrades Chicago To 'Junk' Bond StatusCBS Local Chicago credit rating plummets to junk status following pension rulingChicago Tribune Chicago Sun-Times -CNBC -Financial Times all 16 news articles »