Ratings

Fitch joined Kroll and Moody's in moving Chicago's outlook to stable from negative as City Council prepares to vote on a budget and $4.4 billion in borrowing.

S&P lifted its outlook to stable on Minneapolis' AAA rating and Fitch went positive on its AA-plus rating.

Fitch Ratings changed the outlook on the city's bonds to stable from negative ahead of the deal.

S&P Global Ratings affirmed the city's BBB-minus rating after debt restructurings triggered a CreditWatch placement.

Ferguson regained its investment grade issuer rating by rebuilding its balance sheet while meeting federal consent decree mandates to overhaul police and court tactics.

Bond ratings and other positive news of late could merely paper over warning signs of another fiscal cliff.

The city's high leverage drew a two-notch Moody's downgrade ahead of a pension obligation bond deal to pay the unfunded liabilities of its public safety plans.

Both S&P Global Ratings and Moody's Investors Service lifted their outlooks, citing a rebound from pandemic-driven budget pressures.

Fitch cited the state's stronger-than-anticipated rebound from the pandemic's lows in revising the outlook on its AA-plus rating from negative.

Ridership on the RTA's three service boards remains sharply below pre-pandemic levels but it benefits from coronavirus relief and stellar sales tax performance.