Thursday, August 5, 2010

Chicago's bond rating cut; adds millions to borrowing costs

Fitch Ratings on Thursday reduced Chicago's $6.8 billion in outstanding general obligation bonds from AA-plus to AA, which means millions of dollars will be added to the cost of borrowing by the city.

Click on the following for more details:  Chicago's bond rating cut; adds millions to borrowing costs | Government | Crain's Chicago Business

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