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Credit Rating

Moody's sees Chicago pension proposal as positive

SPRINGFIELD, Ill. | A leading credit rating agency has called legislation to overhaul Chicago's pension funds a "positive development," but says it won't solve all the city's problems — especially if assumptions for annual investment returns fall short.

April 07, 2014 2:17 pm

Illinois fiscal reputation costs $80 million more

SPRINGFIELD | Illinois wears a "scarlet letter" when it borrows money, denoting a woeful fiscal reputation that cost at least $80 million in additional interest charges over a five-year period, a study released Monday found.

March 11, 2014 12:00 am

Indiana maintains top credit rating

INDIANAPOLIS | The three largest bond agencies continue to believe loaning money to Indiana is one of the safest investments in the world.

December 06, 2013 1:33 pm
GUEST COMMENTARY: U.S. still standing, pursuing S&P

GUEST COMMENTARY: U.S. still standing, pursuing S&P

"I am shocked, shocked to find … gambling …" This famous line of the cynical Captain Renault to night club manager Rick in the film classic "Casablanca" comes to mind in reflecting on the practices of American credit rating agencies.

February 09, 2013 11:45 am

EDITORIAL: Lake County's finances could look like Illinois'

Take note, Lake County, of the government financial fiasco boiling over in neighboring Illinois. If Lake County government officials don't wake up and pursue more sound economic policies and strategies, Lake County could be a microcosm of Illinois' bigger financial problems.

February 01, 2013 12:00 am

In video, Kirk urges action on Ill. credit rating

SPRINGFIELD, Ill. | Sen. Mark Kirk has released a video calling for "decisive bipartisan action" to prevent further reductions in Illinois' credit ratings.

September 19, 2012 12:00 am
S&P lowers Illinois credit rating over pensions

S&P lowers Illinois credit rating over pensions

An American Federation of State County and Municipal Employees union member wears a protest message on his shirt May 23 while rallying against the proposed pension legislation at the Illinois state Capitol in Springfield.

August 30, 2012 12:00 am
S&P lowers Illinois credit rating over pensions

S&P lowers Illinois credit rating over pensions

SPRINGFIELD, Ill. | Stubborn pension problems and government gridlock earned Illinois another reduction in its credit rating Wednesday, potentially costing taxpayers millions of dollars.

August 29, 2012 7:30 pm

Moody's rates Illinois lower than any other state

SPRINGFIELD, Ill. | Illinois, unable to solve its long-running financial problems, was given the lowest credit rating of any state in the country by Moody's Investors Service on Friday, a move that will increase costs to taxpayers.

January 08, 2012 6:30 pm
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