Fitch Revises State Of Illinois' Outlook To Positive; Rates $900 Mln Go Bonds 'A-'
MUB•Fitch action on Illinois
- Fitch revises State of Illinois' outlook to positive; rates $900 million GO bonds at 'A-'.
- Fitch says the positive outlook reflects normalized operating performance, progress toward sustainable budgeting practices, and declining long-term liabilities.
- Fitch says Illinois remains challenged by a structural imbalance due to pension underfunding, long-term liabilities relative to state peers, and low reserves.
