Chicago Issues AAA-Rated Debt Despite City’s Junk-Rating

 Chicago to start selling as much as $575 million of investment-grade-rated debt, insulating bondholders from the city’s financial strains. Source: Bloomberg Markets Chicago will start selling as much as $575 million of investment-grade-rated debt that’s backed by a dedicated share of sales-tax revenue it receives from Illinois, insulating bondholders from the city’s financial strains. The offering is…

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