Moodys downgrades Chicago debt to junk status

Moody’s has downgraded Chicago debt to junk status. Apparently they felt the city no longer deserved a rating of “Baa2,” which was already lower than Detroit.

Author: J.P. Travis

Born and raised in Grand Rapids, Michigan, 1976 graduate of University of Michigan, father, grandfather, husband, founder and CEO of Travelyn Publishing (http://www.travelynpublishing.com/), and passionate anti-government believer in individual liberty. View all posts by J.P. Travis