Illinois credit rating
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 from a major rating agency in less than two years. The rating applies to roughly $27.7 billion in outstanding general obligation, or GO, bonds. “The upgrade on…
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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 of the 50 states. It’s the third upgrade between the three major credit ratings agencies during Gov. JB Pritzker’s tenure, the other coming last year from Standard…
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