Illinois' bond outlook upgraded by Moody's Analytics from stable to positive.
Moody's Analytics upgraded Illinois' bond outlook from stable to positive, citing improvements in fund balance and budget reserves, revenue stability, and legislative decisions to enhance financial health. This marks the ninth consecutive credit rating upgrade for Illinois. Illinois Comptroller Susana Mendoza stated that better ratings from credit rating agencies result in lower costs for taxpayers on infrastructure projects like roads and bridges.
April 23, 2024
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