Chicago rating outlook gets Fitch Ratings cut to negative – The Bond Buyer

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Poor Taxpayer
5 years ago

Illinois is BROKE.
Pensions have destroyed Illinois for generations to come.

Old Spartan
5 years ago

And don’t forget– this terrible news comes from Fitch, which is one of the widely known issuer friendly raters in the business –paid 100% by the City of Chicago. They rate anything for a fee and even they can’t put a fresh coat of paint on this rotten credit.

Juicy Smollier
5 years ago
Reply to  Old Spartan

They always try to throw baking soda on a turd. Maybe Jabba will eat it thinking it’s a donut!

Freddy
5 years ago

Maybe the Chicago pols are banking on another negative rating. The way they think 2 negatives equals a positive. If they got a positive rating on top of a negative rating they get a negative. Either way taxpayers are on the hook. Just saying.

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