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Politics & Government

Skokie's Outlook Rated as Negative

Fitch Ratings changed Skokie's financial outlook to negative last month, in part due to its lower fund balances.

Reuters is reporting that Fitch Ratings revised Skokie's financial outlook from stable to negative last month. They say the switch from Fitch Ratings is due to Skokie's fund balance levels, which are lower than they have historically been.
They also attributed it to Skokie's inability to get meaningful improvement in pension funding. Fitch also rated Skokie's $9 million series 2013A general obligation bonds a triple-A rating, and affirmed the its triple-A rating on about $57 million of outstanding GO bonds.

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