Chicago City Council to mull $1.25 billion of bonds

On Friday, the Chicago City Council’s Finance Committee will discuss $1.25 billion of general obligation and Sales Tax Securitization Corporation bonds that Mayor Brandon Johnson has urged the City Council to approve. But . Moody’s Ratings in January raised the outlook on its Baa3 rating of Chicago to positive from stable. In October, Fitch Ratings upgraded Chicago GOs to BBB-plus, outlook stable.