Ratings

Illinois received two downgrades Thursday, bringing it closer to a junk bond rating.

Moody's Investors Service has lowered the rating on the State of Illinois' general obligation (GO) bonds to Baa3 from Baa2, amid a prolonged political impasse that has prevented progress on a growing pension deficit and an increasing backlog of unpaid bills

New Jersey’s Atlantic County was revised to stable from negative by Moody’s Investors Service.

Connecticut-based insurance behemoth Aetna confirmed relocation talks with other states.

Illinois took a one notch downgrade from S&P Global Ratings leaving its general obligation debt at BBB-minus.

Wayne County, Michigan hopes to parlay positive credit news into savings on an upcoming jail project issue.

New Jersey Economic Development Authority cigarette tax bonds were revised to negative by S&P Global Ratings.

An 11-year decrease in Kentucky's workforce upended a key formula underpinning its pension system.

Hartford, Conn.’s Ba2 rating is under review for a downgrade, said Moody's Investors Service.

Prospects are bleak for a breakthrough on Illinois’ two-year-old state budget stalemate.

Chicago's departing budget chief says budget gains will help the city resolve its pension problems.

Moody's Investors Service places Mercy Hospital's (IA) Baa2 rating under review for downgrade, affecting approximately $74 million of rated debt.

S&P Global Ratings raised its long-term rating and underlying rating to 'AA+' from 'AA' on Cleveland's limited-tax general obligation (GO) bonds.

Connecticut Gov. Dannel Malloy released a framework to reshape contracts with state employee unions.

Illinois still has time to solve its budget ills, according to Fitch Ratings.

Illinois faces swap terminations and higher floating-rate costs if its ratings sink much further.

Moody's Investors Service has upgraded the St. Louis Art Museum's (MO) (SLAM) Issuer Rating to Aa2, reflecting excellent fiscal management contributing to superior cash flow and reserve growth.

Key Texas lawmakers agreed on a formula to extend the Dallas police and fire pension fund’s life.

Hudson Yards Infrastructure Corp., the developer of a 45 block area on Manhattan's west side, won a two-notch upgrade from S&P Global Ratings.

University of Connecticut bonds are on Moody's review for downgrade.