Moody's upgrades Illinois’ credit outlook
by The Center Square
The Center Square— (The Center Square) – A financial transparency expert is downplaying news that Illinois has received another credit adjustment from a credit reporting agency. Moody’s Investors Service revised the Illinois’ outlook from “stable” to “positive,” citing continued improvement in fund balance and budget reserves. Moody's added that the positive outlook hinged on the possibility of continued growth in state revenue. "We’ve had nine consecutive credit upgrades and we...
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