Wall Street credit rating agency Fitch Ratings upgraded its Illinois bond rating two notches on Thursday, the fifth upgrade credit agencies have given the state in less than a year.
Fitch upgraded the state’s rating on its general obligation bonds to BBB+ from BBB- and its sales tax bonds to A from BBB+. The upgrade comes as Gov. J.B. Pritzker, who is running for reelection, hopes to prove to voters that the state is in better fiscal shape under his leadership.
