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Moody’s Investor’s Services

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Moody's Illinois

Capital Area Region

Moody’s upgrades Illinois credit rating

SPRINGFIELD (Capitol News Illinois) – Illinois received its first credit rating upgrade in 23 years on Tuesday when Moody’s Investors Services raised the state’s rating one notch, citing “material improvement in the state’s finances.” Although the upgrade still leaves Illinois bonds rated just two notches above so-called “junk” status, Gov. JB Pritzker said it marked a turning point for the state, and he credited the General Assembly and members of his own administration for bringing greater fiscal discipline to the […]

todayJune 29, 2021 56

Decision 2018

In spite of tax hike, ratings agency eyes change that could junk Illinois

SPRINGFIELD (Illinois News Network) -- Illinois could be on the fast track to a junk credit rating, despite lawmakers assuring that a tax hike in July would keep the state from the infamous designation. “If we don’t get this done we will become the first state in the history of the United States of America to be in junk bond status,” state Rep. Mike Unes, R-East Peoria, said this summer. He and several other Republicans joined Democrats in overriding Gov. […]

todayDecember 14, 2017 18

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