Fitch Affirms Top AAA Rating to Illinois Funds
SPRINGFIELD - The Illinois Funds, a mutual fund investment used by local governments through the Illinois State Treasurer’s Office, has earned the top AAA rating from Fitch Ratings, Illinois State Treasurer Michael Frerichs said today. The Illinois Funds rating reaffirms the confidence Fitch and other ratings agencies have shown throughout all of Frerichs’ tenure. The funds have consistently received an AAA rating since he took office. “This is an example of an outside firm pointing out that we’re doing things right,” Frerichs said. “Every dollar we can earn through safe, smart investing is a dollar that local governments that take part in Illinois Funds don’t have to raise in property taxes or cut from vital services.” Established in 1975, more than 1,500 units of government such as cities, counties, libraries and school districts have invested in The Illinois Funds because it is a safe, liquid and competitive investment. The $10
stLouIST