Standard & Poor's Ratings Services said it has revised its outlook on the city of Chicago, Ill.'s third-lien general airport revenue bonds (GARBs) and stand-alone passenger facility charge (PFC) revenue bonds issued for Chicago O'Hare International Airport to stable from positive.

At the same time, Standard & Poor's assigned its A-minus rating to the proposed O'Hare series 2012 GARBs and 2012 stand-alone PFC bonds. Standard & Poor's also affirmed its A-minus rating on Chicago's third-lien GARBs and stand-alone PFC revenue bonds issued for the airport, its AA-minus rating on Chicago's second-lien GARBs, and its AAA/A-1 ratings on the airport's series 2005C and 2005D variable-rate third-lien GARBs.

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