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Strong Demand For Chicago Bonds Shows It's No Detroit

FYI: New issuance is successful, but pricey, for cash-strapped city Moody's Investors Service recently downgraded Chicago's $8.1 billion of outstanding general obligation (GO) debt two notches to Ba1 - officially putting the bonds in the "junk" rating category
Regards,
Ted
http://wealthmanagement.com/print/fixed-income/strong-demand-chicago-bonds-shows-its-no-detroit

Chicago: Frank Sinatra:
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