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Article: Moody's rates Chicago Board of Education bonds.
- Article from:
- PR Newswire
- Article date:
- June 4, 1987
CopyrightCOPYRIGHT 1987 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MOODY'S RATES CHICAGO BOARD OF EDUCATION BONDS
NEW YORK, June 4 /PRNewswire/ -- Effective yesterday, Moody's Investors Service raised the ratings on the following:
Chicago Board of Education's general obligation bonds from Ba to Baa; the Chicago School Finance Authority from Baa1 to A; and the Chicago Public Building Commission bonds Series 1970, 1971, B, 1975 A, and 1976 A from Ba to Baa.
The rating revisions on the respective bondss of these three issuers are attributable to improvement in the Chicago Board of Education's credit position.
Moody's said of the Board of Education, "The board's more favorable credit standing ...