Friday, November 10, 2017

Bondholders fret as alchemy turns Chicago's junk to gold

Next month, the city—whose bonds were downgraded to junk by Moody's two years ago—starts selling as much as $3 billion of debt that another rating firm considers as safe as U.S. Treasuries.

from nicholemhearn digest http://www.chicagobusiness.com/article/20171110/NEWS01/171119991/bondholders-fret-as-alchemy-turns-chicagos-junk-to-gold?utm_source=NEWS01&utm_medium=rss&utm_campaign=chicagobusiness

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