Chicago - The Chicago-Calumet Skyway's proposed $103 million of refunding bonds earned investment-grade ratings of BBB-minus from Standard & Poor's Corp. and BBB from Fitch Investors Service.

The ratings were released late Wednesday and yesterday after the two rating agencies last month issued credit opinions that the refunded bonds would achieve investment grade ratings. An official at Moody's Investors Service said the agency will release a rating today. Moody's refused to issue a credit opinion on the bonds before rating them.

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