- Fitch Ratings issues a statement Tuesday, downgrading the Chicago Board of Education's credit rating from A+ to A, citing "highly stressed operations."
- Moody's Investor Service also downgraded the board's rating last week for similar reasons.
- The downgrades follow last month's strike by the Chicago Teachers Union.
From the article:
A second major bond-rating agency has downgraded Chicago Board of Education debt following last month's Chicago Teachers' Union strike. ...