CHICAGO, Ill. (WJPF) – Moody’s Analytics changed it’s outlook on Illinois bonds from “stable” to “positive.”
The credit rating agency cited Illinois continued improvement in fund balance and budget reserves, supported by stability in revenue and decisions made by lawmakers to shore up the state’s financial health.
This is the ninth consecutive credit rating upgrade given to Illinois. According to Illinois Comptroller Susana Mendoza, “Better ratings from the bond rating agencies mean lower costs for Illinois taxpayers on infrastructure projects like roads and bridges.”
