Civic Federation: City's Credit Rating Hit 'Extraordinary'The head of a budget watchdog group said a major of the Chicago’s credit rating on Thursday was no surprise, but is very troubling for residents.
Cullerton Hopes Latest Hit To State's Credit Rating Prompts Pension Reform VoteIllinois Senate President John Cullerton (D-Chicago) said Monday that the state is only hurting itself by failing to take action to resolve its ballooning pension debt and declining credit rating.
State Dinged By Bond-Rating Agency Over Pension DebtStandard & Poor's said Friday that the rating on the state's general obligation bonds was downgraded to A- from A.
Treasurer Neely: Credit Downgrade Won't Affect City FinancesChicago Treasurer Stephanie Neely is trying to reassure residents that the nation's downgraded credit will not harm city finances.
Anxiety Prevails On First Day Of Trading Since DowngradeAll signs point to another rough day in the financial markets Monday morning, on the first day of trading since the historic U.S. credit downgrade.