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S&P Global Ratings upgrades Illinois bond rating

S&P Global Ratings upgrades Illinois bond rating
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Illinois get first upgrade from Moody s in more than 2 decades

Normal, IL, USA / www.cities929.com Jun 29, 2021 | 5:13 PM (The Center Square) – For the first time since the 1990s, Illinois has received a bond rating upgrade from Moody’s Investor Service. This follows an upgrade from Fitch Ratings last week. Gov. J.B. Pritzker called a news conference Tuesday to announce the upgrade. “Achieving a ratings upgrade in this case from Moody’s for the first time in 23 years, that is something that we should all pay attention to,” Pritzker said. “It’s a huge note of progress for our state and I am very proud.” Moody’s upgraded Illinois’ rating on General Obligation bonds from Baa3 with a stable outlook to Baa2 with a stable outlook.

Moody s boosts Illinois bond ratings, citing material improvement

Gov. JB Pritzker praised Illinois’ first bond-rating upgrade in more than 20 years Tuesday as recognition for his administration’s fiscal prudence and for what he described as a team effort with other Democratic leaders in state government. “Make no mistake, despite all the challenges of the last year, after eight credit downgrades our state suffered under my predecessor, I say with full certainty Illinois’ fiscal condition is headed in the right direction for the first time in the 21st Century,” Pritzker said at a Statehouse news conference. “We are truly forging a new path for our great state,” the governor said.

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