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Illinois' fiscal health continues to tumble, in the eyes of the analysts who assign credit ratings.Moody's. S&P. Fitch. All three of the nation's big…
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Illinois could see its already worst-in-the-nation credit rating sink further -- all the way down to "junk" status. Moody's Vice President Ted Hampton…
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Illinois still has no budget plan and no progress on an agreement is in sight. The state is spending far more than it's taking in, higher education and…
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A credit analyst with Moody's says Illinois' bond rating will remain unchanged, despite the state entering its third month without a budget. But the…
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Credit ratings agencies have had swift reactions to Friday's state Supreme Court decision that found Illinois' 2013 pension law unconstitutional.Illinois'…
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There's a reason analysts say Illinois has the nation's lowest credit rating. It has the nation's largest unfunded pension liability. A 2013 law that’s…
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A major credit rating agency has come out with a blunt assessment of Gov. Bruce Rauner's proposed budget for Illinois.The budget Rauner presented last…
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A new report from Moody's investors service says Illinois still faces "daunting pension challenges" despite a 2013 law intended to curb the state's…
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Wall Street's view of Illinois' financial health has taken a hit, thanks largely to the state budget that took effect at the start of this month. Pensions…
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The credit rating agency Moody's says Illinois is at risk of undermining progress toward better finances. It says the failure to extend current income tax…