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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (427748)	8/5/2010 9:43:38 PM
From: steve harris	Respond to of 1573430

Another liberal success story! The kind of hope and change coming to Amerikkka! Message 26735924 City bond rating downgraded August 5, 2010 BY FRAN SPIELMAN City Hall Reporter suntimes.com Struggling through its worst-ever budget crisis, Chicago has suffered the first in what could be a series of body blows: a downgrade in the all-important bond-rating that determines city borrowing costs. Citing a record, $654.7 million budget shortfall and Mayor Daley’s “accelerated use of reserves to balance operations,” Fitch Ratings has reduced its rating on $6.8 billion in outstanding general obligation bonds from AA-plus to AA. The ratings outlook is negative.