Chicago Public Schools
This article covers the triple credit rating downgrade issued to Chicago Public Schools by Fitch Ratings March 20. The downgrade could trigger the termination of contracts that are contingent on the District’s credit rating, similar to the terminations triggered last month for the City of Chicago’s swaps contracts. The Civic Federation said the downgrade is not a surprise; CPS has been operating without a transparent, long-term plan to deal with the district’s ongoing financial crisis.