Reuters logo
BRIEF-Moody's says unfunded pension liabilities will continue weighing on Chicago's credit profile
January 12, 2017 / 3:35 PM / 8 months ago

BRIEF-Moody's says unfunded pension liabilities will continue weighing on Chicago's credit profile

Jan 12 (Reuters) - Moody’s -

* Moody’s - Unfunded pension liabilities will continue weighing on city of Chicago’s (Ba1 negative) credit profile

* Moody’s on Chicago - City’s plans to significantly increase contributions with higher taxes is a favorable departure from prior funding practices

* Moody‘s-Chicago Public Schools could consider more difficult options to address finances should Illinois be unable,unwilling to provide additional relief

* Moody’s says as Chicago Public Schools’ credit deteriorates, it could have an impact on the city’s credit profile

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below