TITLE

Chicago in Market With $500M, Moody's Cuts Outlook to Negative

AUTHOR(S)
Shields, Yvette
PUB. DATE
August 2004
SOURCE
Bond Buyer;8/17/2004, Vol. 349 Issue 31949, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the city of Chicago, Illinois, received a warning from Moody's Investors Service that its A1 credit rating is in jeopardy due to its narrow fund balance, budget deficit and use of long term debt to cover operations. Individual ratings given by Moody's, Fitch Ratings and Standard & Poor's to the city; Plan to sell the bond in two series.
ACCESSION #
14174392

 

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