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Chicago, CPS, Illinois All Testing Their Credit in Primary Market

January 11, 2016

The lack of supply to meet demand - especially for yield - will benefit Chicago, Chicago Public Schools, and Illinois when all three fiscally distressed credits land in the bond market this month, market participants say. "It's a great time to be a distressed borrower," with supply falling short of investor demand, said Chicago-based Brian Battle, director of trading at Performance Trust Capital Partners.

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