The table below lists state credit ratings from 2004 to July 2017. Credit rating agencies, such as Standard and Poor's, assign grades to states that take into account a state's ability to pay debts and the general health of the state's economy.

Bond Ratings. When debt is issued by the government, independent credit rating agencies attach a rating to the issue. The ratings attached to all bonds associated with the State of Illinois affect interest payments and the cost to Illinois taxpayers. Individual bond ratings will vary, Moody's affirms Illinois' Baa3 ratings on GO and Build Illinois bonds, Ba1 on subject-to-appropriation debt; outlook stable Moody's Investors Service 13 May 2019 Fitch Ratings on Tuesday said the plan, on its own, is unlikely to affect Illinois bond rating, and some investors are also skeptical it goes far enough. Illinois has the lowest credit rating on record for a U.S. state. S&P cited Illinois lawmakers’ failure to pass a budget and the lengthy budget impasse as reasons for its one-notch credit downgrade. Illinois may have a budget for the first time in three years, but S&P Global Ratings remains leery — putting the state still just one notch above junk status, in part because of its “persistent crisis-like budget environment.” S&P on Friday assigned Among the 50 states, Illinois has the lowest ratings and pays the biggest yield penalty to sell debt in the municipal bond market due to its $129 billion unfunded pension liability and a chronic When Illinois wants to borrow money, it issues bonds. Investors base their decision on whether to buy Illinois bonds on what level of risk they’re willing to take, informed greatly by the rating that agencies like Moody’s assign. A junk rating means the state is at a higher risk of repaying its debt.

Fitch Ratings on Tuesday said the plan, on its own, is unlikely to affect Illinois bond rating, and some investors are also skeptical it goes far enough.

The General Funds balance provides an indication of the state's fiscal health. The state's largest and most important fund group, it includes seven funds, including the General Revenue Fund. Role of WM Financial Strategies. For your bond issue, WM Financial Strategies will explore the feasibility of obtaining a bond rating, a municipal bond insurance policy or selling the securities unrated (see Bond Insurance).If it is determined that a rating is desirable, WM Financial Strategies will implement an action plan designed to secure the highest rating possible for your bond issue. Moody’s Downgrades Illinois’ Credit Rating Amid Budget Crisis The Moody’s report also notes that Build Illinois sales tax revenue bonds were knocked down a peg to a Baa2 rating, with $2 Illinois now has the worst credit rating in the municipal bond market. Moody’s Investment Services pegs Illinois’ debt at Baa3, and it could further downgrade that credit rating later in 2018.. The State of Illinois incurred deficits reaching nearly $15 billion in 2017, and those deficits are projected to double to $30 billion in 2018. Illinois has also accumulated hundreds of billions in

Bond Rating. The City maintains an A1 General Obligation Bond Rating established by Moody's Investor Service. Annual Financial Report · Bond Rating  

Bond Ratings. When debt is issued by the government, independent credit rating agencies attach a rating to the issue. The ratings attached to all bonds associated with the State of Illinois affect interest payments and the cost to Illinois taxpayers. Individual bond ratings will vary, Moody's affirms Illinois' Baa3 ratings on GO and Build Illinois bonds, Ba1 on subject-to-appropriation debt; outlook stable Moody's Investors Service 13 May 2019 Fitch Ratings on Tuesday said the plan, on its own, is unlikely to affect Illinois bond rating, and some investors are also skeptical it goes far enough. Illinois has the lowest credit rating on record for a U.S. state. S&P cited Illinois lawmakers’ failure to pass a budget and the lengthy budget impasse as reasons for its one-notch credit downgrade.

26 Feb 2019 SPRINGFIELD — A Wall Street credit rating agency is warning that Illinois could face another debt downgrade if lawmakers adopt Gov.

Illinois has the lowest credit rating of all 50 states. In contrast, three of its neighbors have maintained their AAA rating from Standard & Poor’s Ratings Services. Illinois has suffered 13 downgrades from the three major rating agencies since Gov. Pat Quinn took office in 2009.

1 Jun 2017 Illinois, the fifth most populous US state, has had its credit rating cut to one notch above junk status, thanks to a deepening fiscal deficit and a 

28 Feb 2019 Credit rating agencies did not respond positively to Pritzker's budget. The Bond Buyer: Why Illinois budget proposal raises new rating  9 Jun 2016 In the wake of the state's ongoing budget impasse, Moody's Investors Service downgraded the state's credit rating to two steps above the “junk”  18 Mar 2013 You've seen the headlines: In late January, the bond ratings agency Standard & Poor's declared Illinois the least creditworthy state in the nation  29 Jun 2017 Credit ranking outfits like S&P and Moody's are expected to slap Illinois with a " junk" credit rating should it fail to produce a budget by the state's  12 Jul 2017 However, should he not take these necessary steps, he is inviting the credit- rating agencies to plunge Illinois into junk bond status, the results  The Village of Skokie has been advised that Fitch Rating Services and Moody's Investors Service have assigned Skokie an AA+ and Aa1 ratings, respectively,  1 Jun 2017 Following today's credit downgrades from S & P Global Ratings, Moody's Investors Service today lowered the rating on the State of Illinois' 

Owens-Illinois, Inc. financial information. Bond list, news and credit ratings. Syndicated loans. 6 Dec 2019 Bond-ratings firms are struggling to judge the creditworthiness of cities Karen Daly, a senior managing director at Kroll, said Illinois state law  4 Jun 2019 CHICAGO — Illinois avoided deterioration in one of its low investment-grade credit ratings on Tuesday when Moody's Investors Service  Bond Rating. The City maintains an A1 General Obligation Bond Rating established by Moody's Investor Service. Annual Financial Report · Bond Rating   In the municipal bond market, the general credit rating of a state or local government relates to the rating on its GO bonds while specific ratings are applied to other