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Chicago Sun-Times
Chicago Sun-Times
National
Tina Sfondeles

With S&P bump, Illinois now upgraded by all three ratings agencies

Illinois JB Pritzker SP

S&P Global Ratings on Friday upgraded its Illinois bond rating — with the state now boasting upgrades from all three Wall Street credit rating agencies.

S&P Global upgraded the state’s rating on its general obligation bonds to BBB+ from BBB. The agency also upgraded Build Illinois sales tax bonds to A- from BBB+. The upgrade comes a day after Fitch Ratings upgraded its Illinois bond rating two notches, the fifth upgrade credit agencies have given the state in less than a year. Illinois also received an upgrade from Moody’s Investor Service last month, the second such upgrade by Moody’s in 10 months.

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