- Language: English
- Published: September 2009
- Region: United Kingdom
Illinois; General Obligation, State GO Jun 00
- Published: June 2000
- Region: Illinois
- Standard & Poors
The rating on Illinois' bonds reflects: A deep and diversified economy, An improving financial condition, and Moderate debt levels. The outlook revision to positive from stable reflects the state's improved financial condition. Further credit improvement will be contingent on the state eliminating its unreserved GAAP balance deficit, as well as funding its newly established budget stabilization reserve at a level commensurate with the size of its budget and approximating that of other highly rated states. Illinois' economic expansion is showing some signs of softening, with year-to-year employment growth less than half of the national average and the unemployment rate hovering around the national mark. For fiscal 2000, the outlook is for continued, albeit more modest, growth. Manufacturing continues to experience...
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Action: New Rating
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