S&P Global Ratings Lowers Credit Outlook for Cook County, Citing Unfunded Pension Liabilities

S&P Global Ratings recently lowered its outlook on Cook County’s General Obligation (GO) bonds from “stable” to “negative.” The reasoning from S&P provides some insights for the broader threat of pension debt: “The negative outlook reflects our view that…the pressures the low pension funding levels put on the county’s operations

Read more at Reason.org

S&P Global Ratings Lowers Credit Outlook for Cook County, Citing Unfunded Pension Liabilities

S&P Global Ratings recently lowered its outlook on Cook County’s General Obligation (GO) bonds from “stable” to “negative.” The reasoning from S&P provides some insights for the broader threat of pension debt: “The negative outlook reflects our view that…the pressures the low pension funding levels put on the county’s operations

Read more at Reason.org