Question 1: More than a year before Moody’s downgraded Chicago’s debt to junk status, one of its analysts asked top city officials to explain why the city was healthier than what other troubled debt issuer?Question 2:What change to Moody’s methodology contributed to the downgrade of Chicago’s debt? Does the change make sense? Why or why not?Question 3:Mayor Rahm Emanuel has stated that Moody’s downgrade of Chicago’s debt to junk status was irresponsible, premature, and politically motivated. Do you agree? Why or why not?Question 4:Would you buy bonds from any of the governments who have begun to exclude Moody’s from rating debt issues? Why or why not?
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