When an individual has bad credit, it might be harder to rent an apartment, buy a car, or get a loan. But what happens when a city or state has a low credit rating? After one agency downgraded Chicago’s rating and as the governor prepares to make his budget address next week, host Jacoby Cochran talks with DePaul University professor Amanda Kass about how municipal credit ratings work, why Chicago is close to “junk” status, and what it says about the city’s financial health.
Want some more City Cast Chicago news? Then make sure to sign up for our Hey Chicago newsletter.
Follow us @citycastchicago
You can also text us or leave a voicemail at: 773 780-0246
Learn more about the sponsors of this Feb. 10 episode:
The Newberry – Use code CITYCAST for 10% off your class
TimeLine Theatre Company
Become a member of City Cast Chicago.
Interested in advertising with City Cast? Find more info HERE
Why Does Chicago Have Bad Credit? | City Cast Chicago podcast - Listen or read transcript on Metacast
