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Moody's upgrades Chicago Transit Authority, IL's bonds to A1 and A2; outlook stable

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May 4, 2022


New York, May 04, 2022 -- Moody's Investors Service has upgraded to A1 from A2 the rating on approximately $2.1 billion of outstanding senior lien sales tax bonds of the Chicago Transit Authority, IL. Moody's has also upgraded to A2 from A3 the rating on the roughly $52 million of outstanding Chicago Public Building Commission, IL's Building Refunding Revenue Bonds, Series 2006 that are payable from revenue received by the commission from the CTA pursuant to a lease agreement. The outlook is stable.

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