Ratings

Revenue volatility and bond-rating agency opinions can complicate states' rainy-day planning.

"This is deeply troubling," treasurer Joe Torsella said of the commonwealth's revenue situation

The rating agency cited a liquidity boost from its sewer-system sale.

With no asset to show for more than $4 billion of debt, Santee Cooper’s bonds were downgraded by S&P.

Illinois Gov. Bruce Rauner's veto of school aid legislation jeopardizes school funding and ratings, Fitch reports.

Increased state aid can stabilize Indiana schools' credit for a couple of years, but benefits will ultimately be offset by higher costs, S&P says.

The rating agency said it doesn’t expect the budget to directly result in any local government rating changes, though school districts remain vulnerable to a possible impasse over funding.

Four of Illinois’ junk-rated public universities won an upgrade from S&P Global Ratings.

Moody's cited a vote to raise employer contribution rates.

Illinois bonds saw a slight price bump in reaction to Moody's confirmation of the state's Baa3 rating.

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.