Tag: Downgrades

Moody’s Investors Service has downgraded to A3 from Aa3 the rating on the City of Chicago’s (IL) $181 million of outstanding rated motor fuel tax debt. The outlook has been revised to negative. via Moody’s. Surprises no one.  Barely qualifies as news actually. The City’s broke.  Unemployment (real unemployment, the U6 number) is out of…