KBRA Releases Comment – Chicago Public Schools Teachers Begin Strike Action

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases a comment on the ongoing teachers’ strike at Chicago Public Schools (CPS).

CPS teachers, represented by the Chicago Teachers Union (CTU), initiated a work stoppage against the nation’s third largest school district on October 17. In addition, members of the Service Employees International Union (SEIU) Local 73, which includes other school employees—teacher assistants, custodians, security officers, and bus aides—are also on strike.

KBRA will continue to monitor progress toward resolution and will comment on budgetary and financial implications once settlement is reached.

To access the comment, click here.

Related Publications: (available at www.kbra.com)

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Analytical:

Harvey Zachem, Managing Director

(646) 731-2385

hzachem@kbra.com

Karen Daly, Senior Managing Director

(646) 731-2347

kdaly@kbra.com

Business Development:

William Baneky, Managing Director

(646) 731-2409

bbaneky@kbra.com

James Kissane, Senior Director

(213) 806-0026

jkissane@kbra.com

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