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Illinois lawmakers head into the final stretch of spring session with negotiations underway on legislation that would alter Chicago Public Schools governance.
May 28 -
Change is afoot for CPS as its leader Janice Jackson is leaving and legislation stripping Chicago's mayor of full power to appoint CPS board members gains legislative momentum.
May 4 -
S&P raised CPS' junk rating by one notch, saying federal funds will boost an "already positive financial trajectory."
April 5 -
The junk-rated school district won an upgrade and saw its secondary bond market spreads narrow as it expects to pocket about $1.8 billion in new aid.
March 12 -
High-yield continues to be sought after as high-grade paper is yielding about 0.70% in 10 years and 1.40% or lower in 30 years and credit spreads continue to tighten in nearly every sector. Ratios are near 20-year record lows.
February 1 -
The junk-rated district that is managing the COVID-19 pandemic's fiscal impact with the help of federal relief trimmed spread penalties as investors were drawn to the extra yield offered for the junk paper.
January 29 -
Chicago Board of Education bonds were repriced to lower yields by as much as 37 basis points, showing just how far investors will go for any incremental yield.
January 28 -
Federal COVID-19 relief aid cushions the district's balance sheet but labor, state budget, and pension woes remain.
January 25 -
Returns of all the investment grade options "pale in comparison to those for municipal high-yield," which should bolster Texas gas and Chicago public schools deals.
January 25 -
Chicago Public Schools will get more than it budgeted for from the federal emergency relief bill; the Illinois Regional Transportation Authority got a bit less.
December 29