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Tag: bond ratings

State earns 7th credit upgrade in less than two years

State earns 7th credit upgrade in less than two years

— February 23, 2023

SPRINGFIELD – S&P Global Ratings announced Thursday that it had raised Illinois’ long-term credit rating to A-, up from BBB+, marking the seventh upgrade the state has received…

  • State general revenues top $50 billion for first time

    State general revenues top $50 billion for first time

    — July 7, 2022

    SPRINGFIELD – State tax revenues grew by $5.5 billion in the fiscal year that concluded on June 30, exceeding $50 billion for the first time in Illinois’ history, according to…

  • Five Illinois universities in ‘junk bond’ status

    Five Illinois universities in ‘junk bond’ status

    — May 2, 2017

    Illinois public universities got a one-two punch in the gut from national credit rating agencies as both Moody’s and Standard & Poor Global Ratings announced downgrades based…

  • S&P becomes second credit agency to upgrade Illinois’ bond rating

    S&P becomes second credit agency to upgrade Illinois’ bond rating

    — July 8, 2021

    SPRINGFIELD – The credit rating agency S&P Global Ratings upgraded Illinois’ bond rating on Thursday, July 8 citing the state’s improved financial condition.  It’s the…

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