Ratings

Moody's Investors Service cited underperforming revenues and low pension funding levels.

The state still needs revenues and cuts to balance its spending plan.

Moody's says the legislation will be credit positive for school districts and the state.

The affirmation at Baa3 removed the threat Moody's would send Illinois to junk.

The rating agency cited state budget volatility that affects local government aid.

S&P dropped Alaska to AA amid dwindling budget reserves.

Fitch took Illinois off negative watch, while keeping a negative outlook on its BBB rating.

The state's Supreme Court may order state lawmakers to increase K-12 spending.

Pension funding woes drove the downgrade and continued negative outlook.

Three major rating agencies have reaffirmed Norwalk, Conn.'s top-notch credit rating in advance of a $35 million bond sale next week.

Alaska, unable to agree on budget stability, is blowing through its reserves.

Rating pressures eased on the healthcare system's low investment grade rating.

The downgrade affected $38.4 million of general obligation debt.

It's two downgrades this week for Connecticut's troubled capital city.

The end of a two-year old budget impasse led S&P to affirm Illinois and assign a stable outlook.

A merger between Philadelphia University and Thomas Jefferson University will have no immediate credit impact , according to Moody’s Investors Service.

S&P Global Ratings said it affirmed its BBB-minus rating on Illinois' general obligation bonds, and the BB-plus ratings on the state's appropriation-backed debt, which includes Chicago's outstanding motor fuel tax (MFT) revenue bonds.

Struggles with tuition revenue growth landed a junk rating for Hartwick College in Oneonta, N.Y.

Gov. Tom Wolf and Pennsylvania lawmakers must still agree on a revenue package

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.