Seven Charts Explain Why Chicago Bonds Rated Junk
MishTalk
JUNE 9, 2015
Chart #2: Growing Payments While the current state of the city’s balance sheet is dismal, the real problem relates to what is expected to develop over the next decade. By the time payments peak in 2026, they will be four times the 2014 level. The above charts and analysis courtesy of Michael Johnston at Fixed Income Database.
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