Moody's Publishes Issuer-In-Depth Reports on Chicago and Chicago Public Schools
New York, January 12, 2017-- While unfunded pension liabilities will continue weighing on the City of Chicago's credit profile, plans to significantly increase contributions with higher taxes is a favorable departure from prior funding practices. However, the liquidity crisis at Chicago Public Schools is worsening amid a continued budget impasse at the state level, Moody's Investors Service says in two new research reports released today. While Chicago and CPS are legally...
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