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Moody’s Investors Service

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Illinois JB Pritzker

Capitol News Illinois

Fitch, S&P announce Illinois credit ratings upgrades

SPRINGFIELD (Capitol News Illinois) – Fitch Ratings on Thursday raised the state of Illinois’ rating for general obligation bonds two notches, to BBB+, while S&P Global Ratings on Friday upgraded state bonds by one notch. That means all three major credit rating agencies have updated Illinois credit by two notches in the past year. “The upgrade to 'BBB+' reflects fundamental improvements in Illinois' fiscal resilience including full unwinding of pandemic-era and certain pre-pandemic non-recurring fiscal measures, meaningful contributions to reserves, […]

todayMay 7, 2022 15

Business & Lifestyle

Illinois Policy: Barbara Flynn Currie to receive 6-figure pension after first year of retirement

CHICAGO (Illinois Policy Institute) -- The longtime House majority leader will benefit from a sweetener provision that grants massive pension spikes to career lawmakers after one year of retirement. Illinois House Majority Leader Barbara Flynn Currie (D-Chicago) has announced she will not run for re-election in 2018. Large pension payouts await the longtime lawmaker. And the fund from which those payouts will be drawn is one example of how Illinois’ most powerful politicians have shown little interest in leading the […]

todaySeptember 22, 2017 16

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