Kroll Bond Rating Agency Assigns Long-Term Rating of BBB+ with a Stable Outlook to the City of Chicago General Obligation Bonds – Project and Refunding Series 2017A, and Taxable Project Series 2017B

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of BBB+ with a Stable outlook to the City of Chicago General Obligation Bonds – Project and Refunding Series 2017A, and Taxable Project Series 2017B. KBRA also affirms the long-term rating of BBB+, and has revised the outlook from Negative to Stable, on the City’s outstanding General Obligation Bonds. This rating is based on KBRA’s U.S. Local Government General Obligation Rating Methodology. In the proces