Moody's rates Chicago education bonds A1

Moody's Investors Service said it assigned an A1 rating with a stable outlook to Chicago Board of Education's $481.85 million of unlimited tax general obligation bonds (dedicated revenues), series 2008C.

Concurrently, Moody's said it affirmed the A1 rating with stable outlook on the board's $4.8 billion of outstanding G.O. debt, including the current offering.

The A1 also applies to $412 million of outstanding Chicago Public Building Commission G.O. bonds.

Sale of the board's 2008C bonds is expected on April 17.

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