Following City, Chicago Public Schools Credit Rating Junked One day after the city of Chicago took a big hit to its credit rating, a leading bond-rating agency downgraded the Chicago Public Schools debt to "junk" status.
Chicago Public Schools' Bond Rating Downgraded AgainOne of the nation’s bond rating agencies is out with another warning about the Chicago Public Schools system’s financial future.
Illinois' Poor Credit Rating Lowered AgainIllinois, which already has one of the worst-in-the-nation credit ratings, was lowered even further on Wednesday by the Standard & Poor's rating agency, citing the state's failure to address its massive pension problems.
Moody's Gives Illinois Worst Credit Rating In NationMoody's lowered Illinois' rating Friday by another notch, to A2. No other state has such a low rating from Moody's.
Durbin, Kirk: Eliminating Debt Ceiling Is A Bad IdeaRatings agency Moody's believes if the U.S. eliminates the debt ceiling, it would reduce the uncertainty amongst bond holders.
Report: O'Hare Expansion Bonds DowngradedA published report indicates that the O'Hare expansion project might be hurting the city’s financial standing.