Ratings

The outlook shift to stable from negative is a badly needed shot in the arm from the capital markets as the city prepares to come out of the COVID-19 pandemic.

The state's revised contract with Foxconn on tax subsidies reflects the dramatic downsizing of the original project unveiled in 2017.

Northwest Community became the second independent hospital to affiliate with the Evanston, Ill.-based NorthShore Health system over the past year.

Buoyed by a ratings upgrade from Moody's, the state still faces challenges including high debt and legacy costs.

S&P raised CPS' junk rating by one notch, saying federal funds will boost an "already positive financial trajectory."

Moody's elevated the state's GOs to Aa3 from A1, citing a commitment to boosting rainy-day balances and sound governance during the pandemic.

Fitch said the downgrade reflects “persistent pressures on the travel and tourism sector" because of the COVID-19 pandemic.

Moody’s followed S&P in lifting Illinois’ outlook to stable, where it stood before the COVID-19 pandemic, but a lot more needs to happen for an upgrade.

Moody's is the second rating agency this month to bring its outlook on Illinois to stable, though all ratings remain at the lowest investment grade.

The suburban New York county will go to market next month armed with a positive outlook from the rating agency, its first movement on the county since 2012.