All articles tagged Credit Downgrade

House Speaker Michael Madigan told reporters he's pleased with the response of bond rating agencies to legislative action to pass a state budget. — Brian Mackey/NPR Illinois

July 04, 2017

Agencies Hold Off On Junk Status — For Now

Two bond rating agencies say Illinois is on the right path with the budget plan passed Sunday in the state House of Representatives.

Listen

State capitol in Springfield. — Brian Mackey/NPR Illinois

June 02, 2017

Budget Failure Leads To Credit Downgrades

A day after the Illinois General Assembly ended its spring session without passing a budget, two bond rating agencies have downgraded the state’s credit.

Listen