Moody's rating: Chicago debt is two levels above junk status

Agency downgrades city’s credit rating as announcement puts issue $20bn unfunded pension liabilities back to the centre of mayoral campaign

Related: Rahm Emanuel faces Chicago mayoral runoff after falling short of majority

Moody’s Investors Service has downgraded Chicago’s credit rating to two levels above junk status, citing the city’s $20bn mountain of unfunded pension liabilities.

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via Business Feeds

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