April 20 S&P Global Ratings:

* Says City Colleges Of Chicago, Il GO debt rating lowered
to ‘BBB’ on weaker finances, state budget impasse; on watch neg

* Says lowered rating four notches on Cook County Community
College District No. 508, Ill.’s outstanding unlimited-tax GO
bonds

* Says City Colleges Of Chicago GO debt rating downgrade
reflects substantially weakened unrestricted net assets,
operating deficits leading to negative fund balance

* Says City Colleges Of Chicago GO debt rating downgrade
also reflects liquidity pressure caused in part by reduced and
unreliable state funding
Source text: bit.ly/2orFkC6

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