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S&P eyes Chicago credit downgrade if no pension fix this year

Posted on April 10, 2015

Pensions and Investment

This article discusses a warning by credit rating agency S&P that the City of Chicago could face further credit rating downgrades this year without the enactment of substantial pension reform legislation. The Civic Federation is cited on the steep projected increase in 2015 for the City's required contribution to its Police and Fire Pension Funds.