S&P

Statehouse
4:37 pm
Wed April 9, 2014

S&P: Next Two Months 'Critical' For Illinois Finances

Credit 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.

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Illinois Issues
12:00 am
Fri March 1, 2013

State of the State: Rating Agency That Downgraded Illinois Whacked with Lawsuit

Jamey Dunn
Credit 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. 

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