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Tag: credit rating

Moody’s gives Illinois another credit upgrade to put it at grade A category

Moody’s gives Illinois another credit upgrade to put it at grade A category

— March 15, 2023

    SPRINGFIELD – Moody’s Investors Service announced Tuesday that it has upgraded Illinois’ bond rating to A3, up from Baa1, marking the eighth credit upgrade the state…

  • 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…

  • Moody’s gives Illinois second credit upgrade within one year

    Moody’s gives Illinois second credit upgrade within one year

    — April 22, 2022

    SPRINGFIELD – Illinois on Thursday received its second credit rating upgrade from Moody’s Investors Service within one year, moving up one notch but remaining in the worst shape…

  • Report: Illinois’ pension debt tops $300 billion

    Report: Illinois’ pension debt tops $300 billion

    — March 5, 2021

    SPRINGFIELD – A new report by the credit rating agency Moody’s says Illinois will set a new record this year when it reports a total net pension liability of more than $300 billion,…

  • Fitch raises Illinois credit rating, cites improved fiscal outlook

    Fitch raises Illinois credit rating, cites improved fiscal outlook

    — May 6, 2022

    SPRINGFIELD – Fitch Ratings on Thursday, May 5 raised the state of Illinois’ rating for general obligation bonds two notches, to BBB+, making it the second rating agency to do so…

  • 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…

  • Moody’s: Illinois’ continued population loss affects credit rating

    Moody’s: Illinois’ continued population loss affects credit rating

    — January 15, 2017

    With Illinois’ poor credit rating, Moody’s Investors Service says the state’s continued population decline will make it more difficult to pay for government debt — and that…

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