Why Kroll Affirmed Chicago's Ratings

Harvey Zachem, Managing Director at Kroll Bond Rating Agency, sits down with The Bond Buyer's Chip Barnett to discuss why the agency affirmed the city of Chicago's general obligation bonds at A-minus with a stable outlook in the wake of credit downgrades by three other rating agencies. He discusses the rating criteria, the credit and pension landscape and the long-term outlook for the Windy City.