Standard & Poor's en Illinois' Credit Prognosis: Negative <p>Wall Street's view of Illinois' financial health has taken a hit, thanks largely to the state budget that took effect at the start of this month. Pensions also continue to be a drag.&nbsp;</p><p></p><p><span style="line-height: 1.5;">When Illinois Democrats passed the state's latest budget, many seemed to hold their nose. Credit ratings agencies are more direct: Standard &amp;&nbsp;</span><span style="line-height: 1.5;">Poors</span><span style="line-height: 1.5;">&nbsp;has revised Illinois' credit outlook to "negative."&nbsp;</span></p> Wed, 23 Jul 2014 23:29:40 +0000 Amanda Vinicky 29898 at Illinois' Credit Prognosis: Negative Rating Agencies Not Worried About Pension Hold <div style="margin:0;"><span lang="en-US"><font face="Calibri,sans-serif" size="2"><span style="font-size:11pt;"><font face="Arial,sans-serif" size="3"><span style="font-size:12pt;">Illinois' pension overhaul might be on hold, but credit ratings agencies say they're not concerned. Fri, 16 May 2014 01:05:26 +0000 Amanda Vinicky 25233 at Rating Agencies Not Worried About Pension Hold S & P Improves Financial Outlook For Illinois <p>A major credit-rating house has taken a more positive<br />outlook on Illinois debt than it has in years after last week's pension-reform<br />vote.<br />&nbsp;<br />Standard &amp; Poor's affirmed its A- rating on state debt backed by general tax<br />revenue Tuesday but revised its outlook from ``negative'' to ``developing.''<br />&nbsp;<br />The ratings agency says ``developing'' means the rating could be raised or<br />lowered in the next two years. Analyst Robin Prunty says the change is positive<br />but risk remains because workers unions will likely sue over the pension law Tue, 10 Dec 2013 20:43:00 +0000 Associated Press 14698 at S & P Improves Financial Outlook For Illinois