Fitch Withdraws Credit Enhanced Rating on Chicago Board of Education, IL 2000B Bonds
--Chicago Board of Education (IL) unlimited tax general obligation bonds (dedicated revenues) series 2000B.
The long-term rating assigned to the bonds is revised to 'BBB-' with a Negative Outlook based on the underlying rating assigned by Fitch to Chicago Board of Education's general obligation bonds.
The rating was based on the support of a letter of credit provided by Wells Fargo Bank, N.A. that was terminated on March 27, 2015.
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