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Moody's cuts Cook County bond rating to A1
Chicago Tribune ^
Posted on 08/16/2013 4:15:25 PM PDT by Perdogg
Moody's Investors Service has cut its general obligation rating for Cook County to A1 from Aa3.
In issuing the downgrade, Moody's cited growing pension liabilities.
The credit ratings agency also kept a negative outlook on the lower rating due to "formidable" challenges facing the county in getting pension reform through the Illinois legislature.
(Excerpt) Read more at chicagotribune.com ...
TOPICS: News/Current Events; Politics/Elections; US: Illinois
KEYWORDS:
1
posted on
08/16/2013 4:15:25 PM PDT
by
Perdogg
To: Perdogg
Correction...Crook County. Fixed it. Run by Democrats for over 80 years. Intergenerational corruption, just like Shitcago.
To: Perdogg
Sounds like it will follow Wayne County's (Detroit's) path.
3
posted on
08/16/2013 4:18:41 PM PDT
by
SandRat
(Duty - Honor - Country! What else needs said?)
To: Perdogg
What kind of interest rate would any sane person need to buy Chicago bonds?
4
posted on
08/16/2013 4:29:06 PM PDT
by
RightGeek
(FUBO and the donkey you rode in on)
To: Perdogg
IOW they are just about JUNK bonds now.
5
posted on
08/16/2013 4:32:46 PM PDT
by
Don Corleone
("Oil the gun..eat the cannoli. Take it to the Mattress.")
To: Perdogg
Jake and Elwood can get the money.
6
posted on
08/16/2013 4:37:34 PM PDT
by
SpaceBar
To: Perdogg
i thought a couple weeks ago this occurred. posted here too.
7
posted on
08/16/2013 4:46:40 PM PDT
by
Secret Agent Man
(Gone Galt; Not averse to Going Bronson.)
To: Perdogg
Ouch, that’s going to leave a mark.
8
posted on
08/16/2013 4:58:54 PM PDT
by
fhayek
To: Perdogg
Ouch, that’s going to leave a mark.
9
posted on
08/16/2013 4:58:54 PM PDT
by
fhayek
To: Perdogg
10
posted on
08/16/2013 5:02:29 PM PDT
by
musicman
(Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
To: Secret Agent Man
I think that was the city of Chicago. This is the county.
11
posted on
08/16/2013 5:02:48 PM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: Perdogg
Chicago and Cook County will be Detroit in 10 years...
12
posted on
08/16/2013 5:12:06 PM PDT
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: 2banana
Chicago and Cook County will be Detroit in 10 years...
That long?
13
posted on
08/16/2013 5:53:37 PM PDT
by
Standing Wolf
(No tyrant should ever be allowed to die of natural causes.)
To: SpaceBar
14
posted on
08/16/2013 6:20:44 PM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: Moonman62
Chicago is in C(r)ook County.
15
posted on
08/16/2013 6:21:24 PM PDT
by
usconservative
(When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
To: Moonman62
sizewise they have to be almost identical.
16
posted on
08/16/2013 11:07:52 PM PDT
by
Secret Agent Man
(Gone Galt; Not averse to Going Bronson.)
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