Published by admin on Sat, 07/10/2021 - 10:28am
As I write this, two of the three national credit rating agencies have upgraded the State of Illinois’ rating in a week’s time. And the only remaining holdout owes us one. Bigtime.
As you know, Moody’s Investors Service upgraded its Illinois rating by a notch in late June and S&P Global Ratings followed suit on July 8. Fitch Ratings is the only one left.
Back in April of 2020, when the pandemic was gripping the world, Fitch downgraded Illinois’ credit rating – the only credit downgrade Illinois has received since Bruce Rauner’s days as governor.