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Chicago Public Schools officials should hear by Friday whether the district’s bottom-of-the-barrel credit rating will be raised. District officials have been lobbying the Moody’s, Standard & Poor’s and Fitch rating agencies to raise the school system’s BBB-minus rating. The district needs at least a BBB rating to move forward with a financing package for its $807 million capital-improvement plan, aimed at building schools and renovating existing ones. Citing their four-year balanced budget and other fiscal improvements, district officials say they believe the agencies will raise the rating.
