NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) continues to monitor crucial credit issues revolving around the City of Chicago’s general obligation rating, including pension challenges which remain unresolved. The Cook County Circuit Court ruling on July 24, 2015 that Municipal and Laborers’ 2014 legislated pension reforms were unconstitutional was an outcome we had considered. KBRA expects ultimate resolution from the Illinois Supreme Court when the case is heard later this year. K