Chicago Debt

"Chicago’s credit rating is now only four notches away from junk-bond status. Many institutional investors are not allowed to invest in junk bonds, meaning the city will face significant pressure in accessing the bond market going forward if this downward trend continues."

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http://illinoispolicy.org/news/article.asp?ArticleSource=6330&utm_source=Illinois+Policy+Institute&utm_campaign=95e4dd1f1b-0615_HPP_pensions&utm_medium=email&utm_term=0_0f5a22f52c-95e4dd1f1b-11548329


Thanks to Nan Brennan for contributing.