Moody's Investors Service affirms the Chicago archdiocese's A1 rating on its privately placed Series 2012 and Series 2013 Unsecured Notes.
The process to find a successor for Cardinal Francis George has begun.
The Chicago archdiocese confirmed Thursday that George was informed by Archbishop Carlo Maria Vigano, the papal nuncio to the U.S., that he has begun the consulting process and expects to complete it in late fall.
The archdiocese said it has no further information at this time.
George, 77, submitted his resignation in 2012, per canon law requirements for bishops when they reach the age of 75. That same year in August the cardinal was diagnosed with cancer in his right kidney.
Speaking of his cancer, Cardinal Francis George says in a column "It will most probably eventually be the cause of my death."
Fr. Norbert Maday was sentenced to 20 years in prison after being found guilty of sexual assault. The Chicago archdiocese fought for his early release.