Illinois Earns Credit Upgrade From S&P
SPRINGFIELD - Governor JB Pritzker today celebrated S&P Global Ratings’ upgrade of Illinois bonds. This latest action means that Illinois has received a total of seven upgrades in less than two years under Governor Pritzker. This fiscal progress was achieved due to strong fiscal leadership by Gov. Pritzker and Democrats in the General Assembly. S&P Global Ratings announced a ratings upgrade to A- for Illinois’ General Obligation bonds, its third upgrade of Illinois’ bonds since July 2021. The last time Illinois had an A- rating from S&P was before May of 2016. Fitch Ratings upgraded Illinois’ bonds by two notches last spring, the first Fitch upgrade for Illinois’ General Obligation bonds since June 2000. Illinois received two upgrades from Moody’s Investor Service in two separate actions in April 2022 and June 2021. “I am thrilled to see our hard work at righting the past fiscal wrongs of our state reflected in today’s action by S&P