City Colleges of Chicago
City Colleges of Chicago
30/07/2024 | Press release | Distributed by Public on 30/07/2024 20:46
Fitch Ratings Upgrades City Colleges of Chicago’s GO Bonds to AA- from A+
CHICAGO - (July 30, 2024) - City Colleges of Chicago announces that Fitch Ratings has upgraded its GO Bonds rating from A+ to AA- with a Ratings Outlook of Stable.
"Once again, we are pleased to see a rating improvement in our GO Bonds," said Chancellor Juan Salgado, City Colleges of Chicago. "It speaks to our successful work to eliminate a structural deficit, return to strong cash reserves, and increase enrollment bolstered by our in-demand educational programs and critical student supports."
City Colleges of Chicago's spring 2024 enrollment was up 9.2 percent from spring 2023, exceeding the Illinois community college average of +5.1 percent, according to a report released in March 2024 by the Illinois Community College Board.
For more information about this Fitch Ratings Upgrade for City Colleges of Chicago, visit www.fitchratings.com or click here
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