Onslaught of Chicago debt downgrades continues
The pension shortfall per Chicago household stands at $33,500 each.
4 ways to break out of Illinois’ pension trap
Causes, costs, how to set the state free
View ReportMoody's Investors Service
Chicago’s idea for ending ‘unsustainable financial practices’? Billion-dollar borrowing
The city’s long-term borrowing is akin to a Chicagoan taking on a mortgage to pay down credit-card bills she will never be able to pay off anyway.
‘Bond Girl’ on Chicago and the quality of credit analysis in the municipal bond market
The insight in Culpepper’s report is detailed and damning.
Warning shots fired, Chicago pays $200M penalty for bad reputation in bond issue
The most recent round of city borrowing is a sign of things to come.
Egan-Jones on Chicago, S&P blames Moody’s and a message to bondholders
Taxpayers need protection when municipalities go bust.
5 things you need to know about Chicago’s credit downgrades
Talk of the next Detroit rings truer now than ever before.
Moody’s downgrades Chicago to junk-bond status in wake of pension ruling
Expect local-government finances across the state to spiral downward until politicians pass a constitutional amendment.
CTU executives call employee pension contributions ‘insulting’
Chicago Teachers Union executives say their members shouldn’t have to contribute more money to their retirements because of a contract negotiation nearly 35 years ago.
Bond experts’ top 5 concerns are bad news for Illinois taxpayers
As long as the state mandates pension rules and regulations for local governments, unfunded pension liabilities will continue to pressure local budgets.
Moody’s hits Chicago with credit downgrade, cites pensions
Chicago’s credit rating trails only Detroit among major U.S. cities.
