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A key consideration in the upgrade was the state's recent actions in both addressing longstanding obligation repayments and rapidly repaying obligations taken on during the pandemic-induced recession, S&P said.
February 23 -
Earlier in the pandemic, bond values showed a greater divergence among local government issuers tracked, but that has reverted to pre-pandemic levels, although work-from-home and other uncertainties still take a toll.
February 23 -
A panel that includes public finance professionals is tasked with finding fiscal and operational solutions for the transit systems, which face a fiscal cliff.
February 21 -
Gov. J.B. Priztker touted the state's fiscal progress in his combined budget and state of the state speech.
February 16 -
Fitch Ratings received enough inquiries over S&P's action — slashing a Chicago suburb's GO rating by seven notches — that it put out a special commentary outlining differences between the two agencies' analytical approach even though Fitch does not rate the village under scrutiny.
February 15 -
Midwest borrowing last year went from 11% year-over-year growth in the first quarter to a 48% plunge in the fourth quarter.
February 14 -
Changes to the district's pension code now enshrined in state law put it on a path to full funding in 30 years after voters approved a property tax levy hike.
February 13 -
Plaintiffs who challenged the legislation plan to ask the Illinois Supreme Court to hear the case. Meanwhile, the consolidation process has moved forward and the majority of funds have transferred their assets.
February 10 -
Citigroup's cuts included veteran public finance banker Thomas Coomes, who had co-led the bank's Midwest region.
February 7 -
Laurence Msall who built the Chicago Civic Federation into a fiscal research powerhouse over the last two decades, died Saturday at 61.
February 6