Fitch Ratings upgrades Chicago, Cook Co. ahead of bond deals – The Bond Buyer

The upgrade results from Fitch's revised local government rating criteria, which assesses Chicago's financial resilience at aaa due to its "high midrange" budget control and Fitch's expectation the city will keep general fund available reserves at 10% of spending or higher.
3 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Old Spartan
1 year ago

And don’t forget who pays Fitch. What a surprise– the guy looking for an upgrade pays the bill!!

William Butler Hickok
1 year ago

Best advise, let the buyer beware.

Ex Illini
1 year ago

So Fitch has zero credibility. Understood.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE