Moody's has cut Chicago's general-obligation debt rating by three notches to A3, with the...


Moody's has cut Chicago's general-obligation debt rating by three notches to A3, with the outlook negative, citing a retirement-fund deficit of $36B and "unrelenting public safety demands" on the budget. "Absent significant growth in the city’s operating revenues, escalating pension funding requirements will increasingly strain the city's operating budget, as pension outlays compete with other spending priorities, including debt service and public safety," Moody's said. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs