Moody’s Mulls Upgrade to Illinois Transit Bonds After State Fix
A Metra commuter train departs from Union Station in Chicago.
Photographer: Luke Sharrett/Bloomberg
Moody’s Ratings said it may upgrade the Illinois Regional Transportation Authority’s debt after the state legislature moved to eliminate the public-transit system’s budget shortfalls.
The company said Tuesday it will review the rating on about $1 billion of the authority’s outstanding bonds for a possible increase.