S&P rates Chicago Transit Authority bonds A

Standard & Poor's said it assigned an A rating and stable outlook to the Chicago Transit Authority's $100 million of series 2008A capital grant receipts revenue bonds (Federal Transit Administration section 5307 urbanized area formula funds) and $150 million of series 2008 capital grants receipts revenue bonds (Federal Transit Administration section 5309 fixed guideway modernization formula funds).

At the same time, S&P said it affirmed the A underlying rating on the authority's outstanding capital grant receipts revenue bonds (section 5307 formula funds).

In total, about $489 million of outstanding debt was affected.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.