UPDATE 1-Moody' s downgrades Chicago' s GO ranking to Baa1 over pension check woes Moody' h also downgraded the city' s water and sewer senior lien revenue relationship ratings to A2 through A1, and water plus sewer second lien income bond ratings to A3 from A2, affecting dollar 3. 3 billion associated with debt. The outlook on the lowered ratings …
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