Fitch Ratings

Illinois will face future credit downgrades if it expands Medicaid

05/03/2013
Jonathan Ingram There are plenty of reasons to oppose trapping more Illinoisans in a broken Medicaid program, but Moody’s Investors Services has given the state one more: expanding Medicaid will lead to credit downgrades. Remember: Illinois already has the worst credit rating in the nation. Moody’s, Standard & Poor’s and Fitch Ratings have downgraded the state 11 times since Gov. Pat...

Fitch warnings don’t mean kick the can down the road

01/11/2013
Illinois’ credit rating received a warning today from Fitch Ratings. What Fitch cited as the “ongoing inability of the state to address its large and growing unfunded pension liability” means a rating downgrade is likely unless reforms are passed within six months. That warning is just another whack for a state that already has been downgraded...

Illinois credit downgrade prompts delay of bond sale

12/31/2012
This morning Illinois was forced to delay a $500 million bond sale – essentially, borrowing $500 million to finance state government operations. The delay was due to a drop in lender confidence in Illinois’ credit worthiness.

TAGS: downgrade

Fitch warnings don’’t mean kick the can down the road

12/31/2012
Illinois’ credit rating received a warning today from Fitch Ratings. What Fitch cited as the “ongoing inability of the state to address its large and growing unfunded pension liability” means a rating downgrade is likely unless reforms are passed within s

The cost of Quinn

By Ted Dabrowski
10/19/2012
Gov. Quinn is not getting great press these days. The Cato Institute recently ranked him the worst governor in the nation. His approval rating stands at just 26 percent. And while Gov. Quinn may choose to ignore those messages, he may want to heed the warnings the financial markets continue to fire his way. Credit agencies have...

Another day, another CPS downgrade

By Ted Dabrowski
10/02/2012
Last week, Moody’s Investors Service downgraded the credit rating of Chicago Public Schools. Today, it’s Fitch Ratings that’s downgrading CPS. The school district’s credit rating now sits at A with a negative outlook, the same rating given to Illinois, which has the lowest rating of all 50 states. According to Fitch, the downgrade was caused by the district’s deteriorating...

Taxed out: 10 reforms to stop Illinois from losing people and jobs

Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...

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Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016