
Illinois’ credit score two steps away from junk status
This week, the Pritzker Administration claimed victory after Moody’s Investor Services upgraded the state’s bond rating by one notch, putting Illinois two steps above a junk-bond rating. While this rating is largely reflective of the massive influx of federal funding, the state’s long-term fiscal outlook is still dire. As an example, Illinois is still saddled with an unsustainable pension system.



