CHICAGO - With a provisional Aa3 rating from Moody's Investors Service in hand, the Chicago Transit Authority expects to submit its proposed $1.8 billion taxable pension-related revenue bond issue to the Illinois auditor general's office for review this week.

The auditor general has up to 60 days to review and sign off on the deal and the CTA then has up to 120 days to complete the transaction. The auditor's approval and the timeline were included in legislation approved in January by the General Assembly that authorized the issue.

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