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  • PERSONAL FINANCE

S&P downgrades Chicago's debt rating

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Thursday, July 9, 2015
(FILE)
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Standard & Poor's is the latest ratings agency to downgrade Chicago's debt rating.

S&P lowered its rating on the city's general obligation (GO) bonds to 'BBB+' from 'A-' on Wednesday, citing a "structural imbalance" with the city's finances.

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