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Tag: Moody’s

  • Moody’s Downgrades Chicago’s Motor Fuel Debt

    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…

  • CPS Debt Downgraded

    A leading bond-rating agency has downgraded the Chicago Board of Education’s debt in the wake of the settlement of the Chicago Teacher’s Union’s recent strike. Moody’s Investor Service had already downgraded the Chicago Public Schools’ bond rating outlook to “negative” from stable in July, and cited Thursday the rating agency’s “view that the district will…