S&P

Brian Mackey/WUIS

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.

Like most of the big credit rating agencies, Standard & Poor's has been bearish on Illinois finances — lowering the state's credit rating four times in recent years.

Jamey Dunn
mattpenning.com 2014 / WUIS/Illinois Issues

McGraw-Hill, the parent company of the world’s largest credit rating agency, Standard and Poor’s, was slapped with lower bond ratings than the state of Illinois in February.