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Just days after Moody's warned of a potential credit downgrade for Illinois' public universities, Standard & Poor's took action to lower the credit...
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Illinois' public universities have gone without state support during the nearly five months legislators and the governor have been caught in gridlock.…
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A credit analyst with Moody's says Illinois' bond rating will remain unchanged despite the state entering its third month without a budget. But the…
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CHICAGO (AP) - The Chicago City Council has voted to borrow up to $1.1 billion to complete a debt restructuring plan and pay off short-term debt. The…
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Chicago’s top lawyer is defending the city’s pension plan - even as an investor service is downgrading the city’s bond rating. The City of Chicago owes…
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The credit rating agency Moody's is criticizing the Illinois state budget passed last week. As IPR's Brian Mackey reports, this is not a surprise to…