CHICAGO –Chicago's motor fuel tax bonds and a Transportation Infrastructure and Innovation Act loan fell a notch Tuesday as S&P Global Ratings' moved the ratings down in tandem with its recent downgrade of the state's general obligation rating.

The motor fuel bonds issued in 2008 and 2013 and the TIFIA drawdown loan, which is supported by MFT, revenue were downgraded to the lowest investment grade level of BBB-minus from BBB and retain a negative outlook. The rating is notched at one level below the state's due to heightened appropriation risks. S&P recently downgraded Illinois to BBB with a negative outlook.

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