Illinois received its second rating hike in less than a month, with an increase Tuesday from Moody’s Investors Service, which cited “solid tax
Moody’s lifted the state to A3, the seventh-highest level, from Baa1 and gave it a stable outlook, the ratings company said Tuesday. The move follows S&P Global Ratings, which lifted its general-obligation debt in February.
Illinois has about $26 billion of general-obligation bonds, $2 billion of sales-tax bonds and $4 billion of appropriation bonds outstanding, according to Moody’s.
The state ...