Moody’s Investors Service
Governor Calls Special Session On Pensions After Another Credit Downgrade
Gov. Pat Quinn has called for a special session of the Illinois General Assembly in two weeks, after the state’s credit rating was downgraded again over lawmakers’ failure to approve comprehensive pension reforms.
Quinn: ‘High Noon’ Coming For State’s Pension Mess
Gov. Pat Quinn says, when state lawmakers go back to Springfield for their final session before the new legislature takes over, addressing the pension mess has to be their top priority.
Moody’s Downgrades Illinois’ Credit Outlook To Negative
Moody’s Investor Services has downgraded the state’s credit outlook from stable to negative.
Chicago Public Schools’ Bond Rating Downgraded Again
One of the nation’s bond rating agencies is out with another warning about the Chicago Public Schools system’s financial future.
In Video, Kirk Urges Action On Illinois Credit Rating
Sen. Mark Kirk, still recovering from a major stroke, released a video Tuesday that calls for “decisive bipartisan action” to prevent further reductions in Illinois’ credit ratings.
Pension Chaos A ‘Negative’ For Illinois Credit Rating
Illinois edged closer to having its worst-in-the-nation credit rating lowered even further as a rating agency declared Thursday that failure to address massive pension problems is a “credit negative” for the state.
Moody’s Lowers Bond Rating For O’Hare Expansion Borrowing
Mayor Rahm Emanuel’s administration on Friday took its second hit in one week from a Wall Street rating agency when Moody’s Investors Service dropped the bond rating on billions of dollars in O’Hare Airport bonds about to go to market.
CPS Bond Rating Downgraded; Union Calls Reserve Fund Raid A ‘Stunt’
On the same day Moody’s Investors Service downgraded the Chicago Public Schools’ bond rating, the Chicago Teachers Union slammed the district’s plan to raid its reserve funds to balance the budget as a stunt designed to turn the public against teachers.
Most Popular News
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- State Discontinues Healthcare Funding For Disabled Stroke VictimUnconscionable. That's what a doctor calls a state decision to cut care funding for a patient.311
- Teen Says He Got E. Coli From Burrito At Lombard RestaurantA local teen says he got sick because of a burrito he ate from a local restaurant that's now the focus of an e coli outbreak.158
- Natura Pet Issues New Dog And Cat Food RecallNebraska-based Natura Pet Products has announced a new voluntary recall of multiple brands of dry pet food and treats. The decision comes after a positive test for Salmonella on April 3.7491
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