Moody's http://northernpublicradio.org en Rating Agency Criticizes Illinois Budget http://northernpublicradio.org/post/rating-agency-criticizes-illinois-budget <p>The credit rating agency Moody's says Illinois is at risk of undermining progress toward better finances. It says the failure to extend current income tax rates could lead to a worsening deficit.&nbsp;</p><p>Moody's says because lawmakers failed to stop an automatic tax cut scheduled for the end of the year, Illinois could have to increase its backlog of unpaid bills. The state already has the lowest credit rating in the nation.</p><p>Republicans say this shows Illinois needs to further reduce costs, but Democratic Senate President John Cullerton says there isn't that much left to cut.</p> Wed, 04 Jun 2014 10:43:30 +0000 Brian Mackey 48537 at http://northernpublicradio.org Rating Agency Criticizes Illinois Budget Illinois' Bond Rating Downgraded 2nd Time In Week http://northernpublicradio.org/post/illinois-bond-rating-downgraded-2nd-time-week <p></p><p>A second major rating agency is downgrading Illinois' credit worthiness.&nbsp; Moody's Investors Service lowered the state's $27 billion in outstanding bond debt to A3 from A2. The new rating's three levels above junk status.&nbsp; Thu, 06 Jun 2013 17:52:44 +0000 WNIJ 31051 at http://northernpublicradio.org Illinois' Bond Rating Downgraded 2nd Time In Week NIU Official Reacts To Credit Downgrade http://northernpublicradio.org/post/niu-official-reacts-credit-downgrade <p>Officials at Northern Illinois University are responding to recent action taken by Moody’s. The investors’ service downgraded the credit rating for four Illinois universities, including NIU.</p><p></p><p> Fri, 29 Mar 2013 11:46:21 +0000 Mike Moen 27603 at http://northernpublicradio.org NIU Official Reacts To Credit Downgrade Moody's Issues Negative Outlook for Higher Education http://northernpublicradio.org/post/moodys-issues-negative-outlook-higher-education <p class="yiv1140022126MsoNormal" id="yui_3_7_2_1_1358416043887_6478"><span id="yui_3_7_2_1_1358416043887_6485" style="font-size:10.0pt;">Moody's Investors Service is taking a pessimistic view of American colleges and universities. The agency says repeated increases in tuition are partly to blame.</span></p><p></p><p class="yiv1140022126MsoNormal" id="yui_3_7_2_1_1358416043887_6478"> Thu, 17 Jan 2013 11:00:29 +0000 WNIJ 24149 at http://northernpublicradio.org Moody's Issues Negative Outlook for Higher Education