Moody's Investors Service on Monday affirmed the Chicago Symphony Orchestra's A3 rating, but took away its positive outlook because of a weakening of its financial operations.

The orchestra has $133 million of debt outstanding, including $83 million of adjustable-rate demand revenue bonds outstanding from a 2008 issue supported by a letter of credit, and previous variable-rate issues also supported by letters of credit. The orchestra sells its debt through the Illinois Finance Authority.

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