junk status

Moody's Downgrades Chicago Credit Rating to Junk Bond Status
Moody's Downgrades Chicago Credit Rating to Junk Bond Status
Moody's Downgrades Chicago Credit Rating to Junk Bond Status
CHICAGO (AP) — Moody's Investors Service has lowered Chicago credit rating to junk bond status, a move Mayor Rahm Emanuel is calling irresponsible. In making the decision Tuesday, Moody's noted the city's options for curbing growth in its unfunded pension liabilities was hurt by an Illinois Supreme Court decision...