Seven Charts Explain Why Chicago Bonds Rated Junk
MishTalk
JUNE 9, 2015
By some calculations, the city is on the hook for as much as $63 billion when pensions, long-term notes, and health insurance obligations are included. 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.
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