The Chicago Board of Education's $6.1B in general obligation bonds get downgraded to A/Negative...

|By:, SA News Editor

The Chicago Board of Education's $6.1B in general obligation bonds get downgraded to A/Negative outlook from A+/Neg.Outlook by Fitch. The recent strike settlement results in "considerable increased costs" at a time of "highly stressed operations," says the agency, and already weak pension funded ratios have been exacerbated.