-
The upgrade reflects the city's improving pension funding practices, commitment to a sound reserve position and ability to institute structural budget measures, Fitch said.
October 21 -
Chicago's captured a new low in recent history on tax-exempt spreads but the taxables, which were downsized by $500 million, faced a tougher road amid Treasury volatility.
December 10 -
Chicago's long-planned refinancing was led by a GO tranche priced Tuesday with spreads of 33 to 86 basis points, and follows with the Sales Tax Securitization piece Wednesday.
December 6 -
The tender/exchange offer is built into a more than $1 billion refinancing the city plans to price in early December.
November 17 -
The city’s timing is good as long as market demand for municipals, especially higher yielding paper, stays on track, municipal bond investors say.
October 28 -
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.
October 26 -
Refinancing savings and federal relief will fill Chicago's $1 billion 2021 hole while the city ponders how to erase a $733 million gap next year as its budget takes shape.
August 12 -
The budget cleared the Chicago City Council Tuesday. Rating agency and buy side reviews on the final plan will come next.
November 25 -
The Finance Committee signed off on new money, refunding, and scoop-and-toss debt restructuring deals and finance teams to assemble and sell the bonds.
November 18 -
Chicago Mayor Lori Lightfoot is promoting a $950 million restructuring that adds three years to the city's debt service schedule as present value neutral when factoring in savings from a more traditional $750 million refunding.
November 17