TITLE

Chicago's New CFO Levenson Aims to Hold Rating Steady

AUTHOR(S)
Shields, Yvette
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/10/2004, Vol. 349 Issue 31966, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Chicago's new chief financial officer, former corporate banker Dana Levenson, aims to hold rating steady. He said that preventing a downgrade in the city's bond rating in the near-term is a priority as the finance team he now leads grapples with a $220 million deficit in the 2005 budget. Levensen, who worked for the last four years a managing director in the investment grade corporate debt group at Bane One Capital Markets Inc. in Chicago, called the city's budgetary struggles "the most important, pressing" issue and the key to holding on to Chicago's high single-A to low double-A general obligation credit rating.
ACCESSION #
14387369

 

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