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Traffic is recovering at the Illinois State Toll Highway Authority, which is planning $600 million of new borrowing for its 2021 capital plan.
November 3
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The fate of the state budget and ratings may depend on the progressive income tax ballot measure. Midwest voters also face $2.3 billion of bond measures Tuesday.
November 2
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Moody’s on Thursday joined Fitch and S&P Global Ratings in moving the city’s rating outlook to negative. It has rated Chicago at speculative grade since 2015.
October 29
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By putting a negative outlook on its BBB-minus rating, Fitch leaves Chicago little room to avoid being saddled with a second speculative-grade rating.
October 28
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Mayor Lori Lightfoot must manage demands from aldermen without damaging the city's ratings or investor sentiments on a coronavirus-driven budget with few fans.
October 27
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The deal is being wrapped with insurance and $300 million of the $434 million offering is supported with the state government's moral obligation backing.
October 26
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The city needs to continue meeting pension commitments and moving to structural budget balance despite the coronavirus pandemic, the rating agency said.
October 23
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Refinancing and restructuring debt plays prominently in the city's budget plans
October 21
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The Chicago-area transit agency says it needs more federal aid to manage pandemic-induced funding shortfalls.
October 20
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