credit rating http://wuis.org en S&P: Next Two Months 'Critical' For Illinois Finances http://wuis.org/post/sp-next-two-months-critical-illinois-finances <p>A major credit rating agency says the next two months will be "critical" for the future of Illinois' finances. The key question is whether to make a temporary tax hike permanent.</p><p>Like most of the big credit rating agencies, Standard &amp; Poor's has been bearish on Illinois finances — lowering the state's credit rating four times in recent years.</p> Wed, 09 Apr 2014 21:37:01 +0000 Brian Mackey 22672 at http://wuis.org S&P: Next Two Months 'Critical' For Illinois Finances Illinois Pays Penalty For Bad Fiscal Image http://wuis.org/post/illinois-pays-penalty-bad-fiscal-image <p>When it comes to finances, the State of Illinois has a poor reputation.&nbsp;&nbsp; New research shows how the state's negative perception is costing taxpayers.&nbsp;</p> Mon, 10 Mar 2014 12:19:00 +0000 Sean Crawford 20416 at http://wuis.org Illinois Pays Penalty For Bad Fiscal Image S & P Improves Financial Outlook For Illinois http://wuis.org/post/s-p-improves-financial-outlook-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 http://wuis.org S & P Improves Financial Outlook For Illinois Report Questions Illinois' Low Credit Rating http://wuis.org/post/report-questions-illinois-low-credit-rating <p class="p1"><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Governor Pat Quinn says Illinois' failure to solve its pension problem means the state will have to pay $130 million more in interest on <a href="http://www.reuters.com/article/2013/06/26/us-usa-illinois-bonds-idUSBRE95P18P20130626">bonds it sold Wednesday</a>. But a new study is questioning Illinois' low debt rating.</p><p><span style="line-height: 1.5;">Illinois got an average interest rate of five percent on the $1.3 billion bond sale — and had to turn away many potential buyers.</span></p> Thu, 27 Jun 2013 12:00:00 +0000 Brian Mackey 4872 at http://wuis.org Report Questions Illinois' Low Credit Rating