Moody's raises Chicago fuel tax debt to A1

Moody's Investors Service said it upgraded to A1 from A2 Chicago's $208.2 million of outstanding motor fuel tax revenue debt.

The outlook is stable.

At the same time, Moody's said it assigned the A1 rating and stable outlook to the city's $58.23 million of motor fuel tax revenue bonds, project series 2008A, and $3.09 million of motor fuel tax revenue refunding bonds, taxable series 2008B.

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