Moody's Ratings

The verdict is in: The tax hike failed – 3 reasons why

01/12/2012
One year after Illinois’ Democratic leaders pushed through a record tax hike, the grades are in. The tax hike flunked. It failed to put Illinois on sound fiscal footing. It failed at restoring confidence in government’s ability to meet serious challenges head on. It failed to strengthen the state’s economy. It failed to create opportunity...

Moody’s Confirms Institute Analysis

08/15/2011
by Ted Dabrowski Last Thursday, the Illinois Policy Institute warned of Illinois’s ballooning pension liabilities (See US Downgraded: Illinois Next?).  In particular, the Institute’s paper highlighted the increasing scrutiny Illinois will receive from credit agencies once they begin to account for state’s overwhelming retirement obligations. Only hours later, Moody’s Investors Service, the credit rating agency, released...