Fitch Ratings

the Chicago skyline as viewed from the south side
Brian Mackey / NPR Illinois

A pair of credit rating agencies on Tuesday issued warnings on the finances of both the state of Illinois and its largest city.

Carter Staley / NPR Illinois

Illinois state government is getting a slightly better assessment from one of the major credit rating agencies.

Examining Financial Health (stethescope on piggy bank)
https://www.flickr.com/photos/socialeurope / EU Social

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 credit rating agencies have taken notice of the state's ongoing budget impasse.

None are impressed with what they're seeing. 

flickr/ TaxCredits.net

  A new analysis found that Illinois lost out on millions of dollars when it sold bonds last week. 

WUIS

Illinois has twice seen its credit rating take a hit this week.

Wikimedia commons

Members of the Illinois House and Senate will be in Springfield again Tuesday, but there's still no budget deal for them to vote on.

Illinois' public university presidents had warned in a letter of the "irreparable damage" being caused by having to wait three months, and counting, for state money to come their way. Now, they're taking their case to the capitol. University leaders could have audiences with the governor, and legislative leaders. Senate President John Cullerton's spokeswoman, Rikeesha Phelon, Cullerton will set aside time to meet with them.

Amanda Vinicky

Credit ratings agencies have taken notice of the court ruling on Friday that tossed out Illinois’ law reducing workers’ pensions. But they’re not worried enough to lower the state’s rating.

Illinois’ credit rating remains unaffected by last week’s court ruling, which found a landmark pension law to be unconstitutional. But agencies are watching.

Credit ratings are important as, the lower the rating, the more it costs the state to borrow.

It’s also an important indicator of a state’s relative fiscal health.

ILGA.gov

Illinois' pension overhaul might be on hold, but credit ratings agencies say they're not concerned. A Sangamon County judge Wednesday ruled that reductions to public employees' retirement benefits will not go into effect next month, as planned.                                                  

Jamey Dunn
mattpenning.com 2014 / WUIS/Illinois Issues

McGraw-Hill, the parent company of the world’s largest credit rating agency, Standard and Poor’s, was slapped with lower bond ratings than the state of Illinois in February.