By Julie Johnsson
Breaking with its rating agency peers, Standard & Poor’s Ratings Services said Friday that the city of Chicago’s ambitious plan to expand O’Hare International Airport is “sound.”
Standard & Poor’s affirmed its current ratings, ranging from “AA” to “A-,” on about $6 billion of current O’Hare debt and assigned an “A-” rating to about $1.1 billion in bonds the city plans to issue in early February. Get the full story »
Jan. 13 at 7:11 a.m.
Filed under:
Economy,
Government
By Dow Jones Newswires-Wall Street Journal
Two leading credit rating agencies on Thursday warned the U.S. on its credit rating, expressing concern over a deteriorating fiscal situation that needs correcting.
Moody’s Investors Service Inc. said in a report Thursday that the U.S. will need to reverse an upward trajectory in the debt ratios to support its Aaa rating.
“Further actions will be necessary to avoid an unfavorable debt trajectory, which would increase the probability of a change to a negative outlook on the Aaa rating,” Moody’s said in a report. Get the full story »
