CHICAGO — Chicago's motor fuel tax credit took a hit from Moody's Investors Service this week as the agency moved to bring the credit in line with Illinois' rating due to the appropriation risk tied to tax revenues that repay the bonds.

Moody's downgraded the rating three notches to A3 from Aa3, one notch below the state's A2 rating, and assigned a negative outlook. The action impacts $181 million of outstanding debt.

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