Press Release|Public Finance

KBRA Releases Report Downgrading the City of Chicago, IL G.O. Rating to A-; Outlook is Negative

27 Jan 2025   |   New York

Contacts

On January 24, 2025, KBRA downgraded the long-term rating on the City of Chicago, IL General Obligation Bonds to A- (from A). The Outlook is Negative. The rating action resolves KBRA's November 12, 2024 Watch Downgrade designation.

To access ratings and relevant documents, click here.

Click here to view the report.

About KBRA

KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1007758