The coronavirus, or COVID-19, is going to strain America’s biggest cities financially, and Chicago is likely to feel the most pain.

S&P Global Ratings looked at 10 of the biggest cities in America — Boston, Chicago, Houston, Los Angeles, Miami, New York, Philadelphia, Phoenix, San Francisco, Seattle — and weighed various factors like each city’s cash balance, their reliance on property, sales, and income taxes, intergovernmental revenues, and pension obligations, among others.

The authors found that while all 10 cities “enjoy proactive management teams,” COVID-19 will put immense pressure on them to “respond quickly and adequately.”

One of the cities facing immense pressure is Chicago.

“Chicago's … uphill climb has gotten harder with the addition of COVID-19 and recession pressures on a city already struggling to regain structural balance,” the authors stated.

Chicago has the lowest rating among all of the 10 major cities in the U.S. that S&P looked at, at BBB+, which denotes that the city’s bonds are still investment grade.Follow more information at>> pg slot