AUSTIN, Texas--(BUSINESS WIRE)--Fitch Ratings affirms the following city of Chicago, Illinois (the city) ratings: --$49 million in outstanding senior lien bonds at 'AA+'; --$1.9 billion in outstanding second lien bonds at 'AA'. The Rating Outlook is Positive. SECURITY Senior lien bonds are secured by net revenues of the city's water system (the system) after the payment of operations and maintenance expenses. Second lien bonds are secured by net revenues of the system on a basis subordinate to
Reported by Business Wire 1 hour ago.
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