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Catholic World News

Moody’s downgrades Chicago archdiocese

December 10, 2020

» Continue to this story on Moody's

CWN Editor's Note: Moody’s Investor Service has dropped the bond rating of the Chicago archdiocese from Baa1 (“medium grade”) to Ba1 (“speculative elements”). The service explained that the downgrading was prompted “in large part by sexual abuse claims leading to an increasing trend of preemptive bankruptcy.”

The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.

 


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