Botswana's Debt > Chicago School's
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Buy Botswana
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Date: October 04, 2012 02:44PM
The Chicago Tribune reports that Moody’s Investors Service, which had already cut the Chicago Board of Education’s rating once in July, cut it again last week. Moody’s now grades the Chicago Public Schools at A2 with negative outlook.
According to Moody’s, buying a bond issued by the nation’s third-largest school system is now slightly more risky than buying a bond issued by Botswana.