Moody's has upgraded the credit outlook for Illinois from stable to positive, reflecting improvements in fiscal management and budgeting practices. This revision was welcomed by Comptroller Mendoza and acknowledged by Governor J.B. Pritzker, who credited the state's balanced budget and additional pension payments for the upgrade. Illinois bonds now hold an 'A3' rating, up from 'Baa1'. Concurrently, Fitch has assigned an 'A-' rating to Illinois bonds but has cautioned that the state still faces challenges, including a long history of structural imbalances primarily due to pension underfunding.
Our future’s brighter than ever, Illinois. Moody’s revised our outlook from just stable to positive this week, thanks to our responsible fiscal management. On the new fiscal path we’ve set, we’re aiming for even more upgrades. https://t.co/rph08VvMPl
Fitch rates IL bonds A- but cautions: It “reflects solid operating performance that remains weaker than most other states, with a long record of structural imbalance primarily related to pension underfunding offset by continued progress toward more sustainable budgeting…”
Gotta give @JBPritzker credit, Illinois has had multiple credit upgrades Illinois bonds now have an ‘A3’ credit rating, moving up from Baa1 (Moody’s) The balanced budget and extra pensions payments have helped boost the credit rating Need to double down while we have this…
.@SPGlobal upgrades Miami-Dade Water and Sewer bond ratings https://t.co/N0CrN5tAbB #FlaPol
Comptroller Mendoza welcomes news of Moody's change in outlook from "stable" to "positive" on Illinois bonds —release
Moody’s revises Illinois outlook from stable to positive https://t.co/vWViXBP2EZ
MOODY'S UPGRADES ILLINOIS OUTLOOK TO HIV-POSITIVE