State of Illinois

Chicago is expected to take advantage of the new debt vehicle authorized in the Illinois budget.

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

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.

The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.

There are times when there is no better alternative to a tax increase.

After two years Illinois finally got a budget, but this week the municipal bond market will be eying the state’s credit rating.

Breaking a record two-year budget impasse drove a dramatic easing of Illinois' spread penalties.

Liquidity and pension woes still remain after Illinois enacted its first budget since 2015.

Moody's Investors Service said it has placed Chicago's Ba1 general obligation rating under review for possible downgrade.

The Illinois House overrode Gov. Bruce Rauner's veto to enact the first state budget in two years.

Illinois could still see its rating cut to junk, as Moody's raises concerns over the shortcomings of a partisan budget deal.

If the Illinois House succeeds in overriding Gov. Rauner's budget veto, Chicago's pension restructuring becomes law.

Chicago and Illinois spreads got a boost as two years of state gridlock appeared to be nearing an end.

Illinois Democrats need to keep 15 GOP representatives on board to succeed in overriding Gov. Bruce Rauner's budget veto.

Progress on ending a two-year-old budget drought is being viewed positively by two rating agencies.

The Illinois House on Sunday sent a budget plan back to the Senate with action needed to avert historic fall to junk.

The Illinois House speaker, citing progress, asked rating agencies to hold off on negative action.

Illinois is staring at a historic fall into junk territory if lawmakers can't compromise.

Illinois Senate Republican Leader Christine Radogno will resign from the legislature Saturday.

The Illinois governor says he will keep lawmakers in session until a budget agreement is reached.