Fitch Rates $500MM Chicago Board of Ed (IL) Bonds ‘A’ on Special Revenue Analysis; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned an ‘A’ rating to the following Chicago Board of Education, IL bonds: –$500 million dedicated capital improvement tax bonds, series 2016. The bonds are expected to price the week of Dec. 12. Proceeds will finance specific capital projects listed in the authorizing resolution. The Rating Outlook is Stable. The Board of Education’s Issuer Default Rating (IDR) is ‘B+’ with a Negative Rating Outlook. The distinction between the ‘A’ rating on the