KBRA Revises Outlook for Board of Education of the City of Chicago’s Dedicated Capital Improvement Tax Bonds to Positive from Negative, and Assigns BBB to Board’s Series 2017 Issue

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has assigned a BBB long-term rating and Positive Outlook to the Board of Education of the City of Chicago (“Board”) Dedicated Capital Improvement Tax Bonds Series 2017. Concurrently, KBRA has affirmed the BBB rating and revised the Negative Outlook to Positive for the Board’s outstanding Dedicated Capital Improvement Tax Bonds Series 2016. These actions are summarized below.   Ratings Issuer   Board of Education of the City of Chicago