Moody’s upgrades Illinois credit to ‘A’ rating
SPRINGFIELD, Ill. (WTVO) — Moody’s Investor Service upgraded Illinois bonds to an ‘A’ category, the second major credit agency to return Illinois credit rating to a stable ‘A3’ rating. Moody’s upgrade was the eighth in two years following eight prior downgrades. The A3 rating means Moody’s sees...
8 comments
Another W for Pritzker. His administration is an absolute boon for this state. Getting the house in good order is going to take years, but we’re finally headed in the right direction. I do hope the state govt starts paying attention to UIUC, which has seen its standard greatly diminish in the past five years.
But yeah..."Pritzker Sucks" say the MAGA fools with their front yard signs.
https://www.wcia.com/news/pritzker-bailey-lay-out-fiscal-plans-for-state/
October 2022
SPRINGFIELD, Ill (NEXSTAR) — Most of Governor Pritzker’s messaging on the campaign trail has been about his record — especially around the state budget. When he took over in 2019, the state was in a crisis.
The two-year budget impasse left the state with a gigantic bill backlog, a lowest in the nation credit rating, and left state agencies in shambles.
“Bruce Rauner left us in a huge hole. And we’ve really built it back up,” Pritzker said. “And I’m very pleased about where we are.”
During Pritzker’s first term, the state received six credit upgrades, and the bill backlog is non-existent. He points to this pair of facts in order to prove financial success during his first term.
"Is Illinois in better shape?” Bailey said in an interview Monday. “No one can say with a straight face that it is.” 🤡
I thought this was something about Moody’s Pub in Edgewater somehow bolstering Illinois’ credit rating.
This was interesting but less entertaining than what I’d hoped it was about.
I can’t find this story on Illinois Policy for some reason.
Pritzker has literally cleaned up the State of Illinois and has gotten rid of the literally trash that was there before him
Republican wrecks shit, and Democrat cleans up the mess. A tale as old as time.
Does this change interest payments on outstanding debt? Can someone explain the impact of this to me?
