• Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
Friday, July 11, 2025
Illinois Review
  • Login
  • Register
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
Illinois Review
No Result
View All Result
Home Illinois News

S&P joins Moody in downgrading Illinois credit rating; Fitch eyes lowering as well

Illinois Review by Illinois Review
June 9, 2016
in Illinois News
Reading Time: 2 mins read
A A
0
26
SHARES
432
VIEWS
Share on FacebookShare on Twitter

Government-DebtCHICAGO – Already at the lowest level among states in credit rating, the S&P also lowered Illinois another notch closer to junk bond status Thursday, Nasdaq reports:

You might also like

Opinion: The IL GOP Belongs to the People — Not to Power-Hungry Insiders

Economos: Illinois’ Pension Crisis – A Tale of Mismanagement

Mayor Johnson: Chicago ‘Police Dept. Will Not Ever Cooperate with ICE’

S&P Global Ratings downgraded Illinois's ratings a notch, citing the state's weakened financial management and budget position, while rival Fitch Ratings placed the state's ratings under review for a potential downgrade.

S&P lowered the ratings on Illinois's general-obligation bonds to triple-B-plus from double-A-minus. The new rating is three levels above junk territory and carries a negative outlook.

S&P said that the state's continuing lack of a budget plan has left Illinois "with unmanaged spending under a de facto budget, potentially for a second year, and that is adding to the state's sizable liabilities."

Fitch, meanwhile, also placed the state's $550 million bond issue that is expected to sell June 16 on ratings watch negative and rated it at triple-B-plus, or three notches above junk territory. Fitch says it expects to make a decision on the rating with six months, based on the progress of the state's budget process.

Read more

Related

Share10Tweet7
Previous Post

Comptroller says no payments after June 30th without FY 17 state budget in place

Next Post

RNC Platform Committee reps ask Illinois GOPers: What should be in the 2016 Platform?

Illinois Review

Illinois Review

Founded in 2005, Illinois Review is the leading perspective and source of conservative news, opinion and information in Illinois. Follow Illinois Review on X at @IllinoisReview.

Recommended For You

Opinion: The IL GOP Belongs to the People — Not to Power-Hungry Insiders

by Jacqueline Garretson
July 11, 2025
0
Opinion: The IL GOP Belongs to the People — Not to Power-Hungry Insiders

By Jacqueline Garretson, Opinion ContributorA few months ago, I had the opportunity to speak on a podcast where I shared my personal journey in politics, how I became...

Read moreDetails

Economos: Illinois’ Pension Crisis – A Tale of Mismanagement

by James P. Economos, DDS
July 8, 2025
0
Economos: Illinois’ Pension Crisis – A Tale of Mismanagement

By James P. Economos, DDS, Opinion Contributor There’s been constant debate over Illinois' pension system – and for good reason. It remains chronically underfunded and plagued with issues...

Read moreDetails

Mayor Johnson: Chicago ‘Police Dept. Will Not Ever Cooperate with ICE’

by Illinois Review
July 8, 2025
0
Mayor Johnson: Chicago ‘Police Dept. Will Not Ever Cooperate with ICE’

By Illinois ReviewAt a Tuesday morning press conference at Chicago City Hall, Mayor Brandon Johnson — whose approval rating hovers around six percent — reiterated that local law...

Read moreDetails

Chicago AM560 Axes Local Morning Radio Personality Amy Jacobson, Keeps Florida-based Host in Cost-Cutting Move

by Illinois Review
July 1, 2025
0
Chicago AM560 Axes Local Morning Radio Personality Amy Jacobson, Keeps Florida-based Host in Cost-Cutting Move

By Illinois ReviewIn a shocking cost-cutting move Tuesday, Chicago’s AM560 The Answer terminated longtime morning host Amy Jacobson, as the struggling conservative station grapples with declining relevance –...

Read moreDetails

JB Pritzker Receives 2% in Presidential Poll, Ranks Lowest in Minority Support Among Democrats

by Illinois Review
June 30, 2025
0
JB Pritzker Receives 2% in Presidential Poll, Ranks Lowest in Minority Support Among Democrats

By Illinois ReviewIn one of the first nationwide hypothetical polls for the 2028 Democratic presidential primary, Illinois Governor and billionaire JB Pritzker ranks at the bottom, receiving the...

Read moreDetails
Next Post

RNC Platform Committee reps ask Illinois GOPers: What should be in the 2016 Platform?

Please login to join discussion

Best Dental Group

Related News

IL Freedom Caucus calls on Lurie Children’s Hospital to cease gender services for kids

October 27, 2022

Beckman: Is the Brigham Young University racial slur controversy another hoax?

October 27, 2022

Salvi polling shows closer race

October 27, 2022

Browse by Category

  • America First
  • Education
  • Faith & Family
  • Foreign Policy
  • Health Care
  • Illinois News
  • Illinois Politics
  • Opinion
  • Science
  • Second Amendment
  • TRENDING
  • US NEWS
  • US Politics
  • World News
Illinois Review

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Navigate Site

  • Checkout
  • Home
  • Home – mobile
  • Login/Register
  • Login/Register
  • My account
  • My Account-
  • My Account- – mobile

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • Health Care
  • US NEWS
  • America First
  • Opinion
  • TRENDING
  • Education
  • Foreign Policy
  • Second Amendment
  • Faith & Family
  • Science
  • World News

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?