Another Rating Firm Downgrades Chicago School System

Fitch joins Moody's in giving thumbs down to district's finances

Last week, Moody's Investors Service downgraded the credit rating of Chicago Public Schools. Today, it's Fitch Ratings that's downgrading CPS. The school district's credit rating now sits at A with a negative outlook, the same rating given to Illinois, which has the lowest rating of all 50 states.