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Moody's rates Chicago Transit bonds A2
Moody's Investors Service said it assigned an A2 rating to the Chicago Transit Authority's $150 million of capital grant receipts revenue bonds, series 2008, and $100 million of capital grant receipts revenue bonds, series 2008A.
The outlook is stable.
Sale of the bonds is expected on March 25.
Moody's also said it affirmed the A2 rating on the authority's $577.85 million of outstanding grant receipts bonds.
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