Citing a “material improvement in state finances,” Moody’s Investor Services recently raised the state’s bond rating by one notch — up to Baa2 from Baa3.
Ordinary mortals won’t know what that means. But Illinois has climbed the ladder from being one notch above junk bond status to two notches.
It’s the first time Illinois’ bond rating has been raised in 20 years. The improvement comes after a steady spiral downward.
Author(s): Editorial Board
Publication Date: 4 July 2021
Publication Site: The News-Gazette