Standard & Poor's Ratings Services said it has raised its issuer credit rating on Chicago Housing Authority, Ill. to AA from AA-minus.

At the same time, Standard & Poor's said it has raised its long-term rating on CHA's $25 million taxable revenue bonds series 2010 Build America Bonds to AA from AA-minus. The series 2010 bonds are special obligations of CHA backed by the full faith and credit of CHA.

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