The New Exchange
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”
1 of 1- Common Sense
- Exchanger
Offline - Registered: 2/16/2015
- Posts: 3,256
Moody's downgrades Chicago debt to 'junk' with negative outlook
Moody's downgrades Chicago debt to 'junk' with negative outlook
Moody's downgraded Chicago's credit rating down to junk level "Ba1" from "Baa2."The announcement, which the ratings agency released Tuesday afternoon, cited a recent Illinois court ruling voiding state pension reforms. Moody's said it saw a negative outlook for the city's credit.Following that May court decision, Moody's said it believes that "the city's options for curbing growth in its own unfunded pension liabilities have narrowed considerably."
Last edited by Common Sense (5/14/2015 10:30 am)
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”