Relevant:
- Chicago's Plan to Overhaul City Pensions Dashed by Top Court
- Moody's downgrades Chicago amid pension crisis
- Court Says Emanuel Is Not Eligible to Run for Chicago Mayor
- With Downgrade, Chicago is on the verge of fiscal free fall
- Fitch Upgrades IL Housing Development Auth's GO Pledge Rating to 'AA-'; Assigns Stable Outlook
2016-03-28 — chicagotribune.com
``Chicago had its credit rating cut to the lowest investment grade by Fitch Ratings after the Illinois Supreme Court tossed out Mayor Rahm Emanuel's plan for dealing with the mounting debt to its workers' pension plans. The two-step downgrade on Monday to BBB-, one rank above junk, affected $9.8 billion of general-obligation bonds and $486 million of debt backed by sales taxes''
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