Moody's finally has something nice to say about Chicago
from Crain's Chicago Business
The ratings agency that has whacked the hell out of Chicago-area bonds finally has something nice to say. Sort of. Moody's Investors Service, which has downgraded debt of the city, the Chicago Board of Education and the Chicago Park District to junk levels, affirmed its Baa1 rating for more than half a billion dollars in bonds at O'Hare International Airport being used to construct a huge rental-car facility and related connections to terminals and a nearby Metra stop.
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