Municipal Bond Credit Report: CHICAGO — Chicago’s next mayor won’t get much of a honeymoon if the city is to preserve its BBB-plus rating from S&P Global Ratings. “Immediately on taking office, the next mayor will need to address an unfunded increase in pension contributions, yet-to-be-negotiated police and fire contracts and related back pay, rising debt service, and projected slower economic growth,” S&P said… Link to Story
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