Chicago Outlook Cut One Notch by S&P on Deficits, Pension Woes
Chicago had its credit outlook lowered one notch to negative by S&P Global Ratings on Wednesday after Mayor Brandon Johnson proposed a partial supplemental pension contribution next year as the...
By Shruti Singh · Bloomberg Markets
Chicago had its credit outlook lowered one notch to negative by S&P Global Ratings on Wednesday after Mayor Brandon Johnson proposed a partial supplemental pension contribution next year as the city grapples with back-to-back deficits and weaker reserves.