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.
All articles tagged Credit Rating
After Long Opposing Rauner’s ‘Non-Budget’ Demands, Madigan Has Three Of His Own
As Illinois closes in on a second full year without a budget, the top leaders of the General Assembly met Sunday for the first time this year. There are some signs of progress.
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.
Study: Illinois Lost $53M In Bond Sale Due To Poor Finances
A University of Illinois analysis says the state received about $53 million less in a recent bond sale than it could have because of Illinois' poor financial shape. Martin Luby with the University of Illinois’ Institute of Government and Public Affairs compared the recent bond sale to one in 2006, when Illinois had a much better credit rating.