bond rating http://northernpublicradio.org en Illinois' Bond Rating Takes Another Hit http://northernpublicradio.org/post/illinois-bond-rating-takes-another-hit <p><span style="font-size:12.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Illinois' bond rating continues to slide. Standard and Poor's has lowered Illinois to an A minus. The impact could mean it will cost Illinois more to borrow money for various projects and needs.</span> Fri, 25 Jan 2013 22:36:28 +0000 WNIJ 24566 at http://northernpublicradio.org Illinois' Bond Rating Takes Another Hit S&P Lowers State Rating Once Again http://northernpublicradio.org/post/sp-lowers-state-rating-once-again <p>Illinois’ large budget imbalance and an $83 billion unfunded pension liability have led Standard &amp; Poor's Ratings Services to lower the state’s credit rating from A-plus to A.</p><p>Today’s announcement also gives Illinois a negative outlook for the future.</p><p>The action on the state's general obligation bonds comes less than two weeks after a special Illinois legislative session on pension reform ended with no resolution on reining in the pension costs.</p><p> Wed, 29 Aug 2012 19:32:59 +0000 WNIJ 17558 at http://northernpublicradio.org Illinois gets 'rock bottom' rate on $1.5 billion in bonds http://northernpublicradio.org/post/illinois-gets-rock-bottom-rate-15-billion-bonds <p>The state of Illinois didn&rsquo;t have any trouble selling $1.5 billion in debt to repay a federal loan for its unemployment-insurance program, the <em><a href="http://online.wsj.com/article/BT-CO-20120718-712667.html">Wall Street Journal</a></em> reported.</p><p><em><a href="http://www.chicagobusiness.com/article/20120718/NEWS02/120719737/illinois-easily-sells-1-5-billion-in-debt">Crain&rsquo;s Chicago Business </a></em>said interest rates for the three-series offering were &ldquo;rock bottom,&rdquo; thanks to the dedicated stream of unemployment insurance taxes backing them up -- separate from Illinois&#39; general fund. Also, any extra money from the tax can be used only to pay off the debt, providing extra protection for investors.</p><p>People familiar with the deal said it received many more orders than there were bonds available.</p><p> Thu, 19 Jul 2012 15:47:33 +0000 WNIJ 15208 at http://northernpublicradio.org