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Fitch: Lower Court Pension Ruling Has No Immediate Effect on Chicago Ratings

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NEW YORK--(BUSINESS WIRE)--Today's Cook County Circuit Court ruling striking down pension reform plans for two of the city of Chicago's four pension plans will not have an immediate effect on the city's BBB+ ratings, according to Fitch Ratings. 'This is the first step towards determining the legality of the city's pension reform efforts,' said Arlene Bohner, Senior Director at Fitch Ratings. 'We expected that whoever lost this first round would appeal the ruling, with the ultimate decision like

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