As Chicago Budget Hearings End, Ratings Agency Gives Lightfoot’s Spending Plan Seal of Approval – WTTW (Chicago)

Fitch upgraded Chicago’s credit one notch to BBB with a positive outlook. The analysis by Fitch said the rating upgrade “reflects Chicago’s improving pension funding practices, its commitment to maintaining a sound reserve position, and ability to institute structural budget measures that improve its capacity to respond to future cyclical challenges.”

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