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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 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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Director and Head of the Central Region Public Finance Group, Academy Securities
October 19
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“What purpose do reserves serve if we don't utilize them in times when you have a problem?” one alderman asked.
September 29
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Chicago's chief financial officer said the city must consider all options given the magnitude of the pandemic in the absence of federal relief for lost revenue.
September 22
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On Friday, municipals finished little changed, with yields remaining steady along most of the AAA GO scales.
September 18
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Chicago Mayor Lori Lightfoot announced several modest replacement programs Thursday with an eye toward expansion in the coming years.
September 10
