S&P revised Chicago's outlook to negative from stable and affirmed its BBB rating on the city's outstanding general obligation debt.
Public transit emerged as an $11 billion winner in the 2025 elections as voters in five states approved measures to pour money into the sector.
At least $200 million of the bonds will be priced on a competitive basis.
The city plans to sell about $690 million of AMT bonds on Nov. 18 to finance facilities and refund outstanding debt for the airline.
Loren McDougall will help Birch Creek launch high-yield-focused separately managed accounts.
Louisiana State Treasurer John Fleming indicated he is open to compromise on the nature of state oversight for the city, which may have trouble making payroll.
