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Illinois credit rating upgraded to ‘A’ with all rating agencies
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| Contributor | RP |
| Last Edited | RP Nov 08, 2023 09:30am |
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| Category | Report |
| Author | John Clark |
| News Date | Tuesday, November 7, 2023 06:05:00 PM UTC0:0 |
| Description | Illinois credit rating has been upgraded to “A” category from all major rating agencies, Gov. JB Pritzker announced Tuesday.
The rating of a state’s bonds is a measure of their credit quality. A higher bond rating generally means the state can borrow at a lower interest rate, saving taxpayers millions of dollars.
The latest credit upgrade represents the ninth under the watch of Gov. Pritzker. The state had previously suffered 8 credit rating downgrades between 2015 and 2017 and was atop many analysts’ lists of the worst-managed states in the U.S. |
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