A continuation of the analysis of the current situation in Illinois by WirePoints: Fact 6 6. Nation’s worst rating. By 2010, Illinois’ credit rating was already the worst in the nation according to Moody’s. And in 2013, S&P declared Illinois was … Continue reading
A continuation of the analysis of the current situation in Illinois by WirePoints: Fact 5 5. Credit downgrades. Illinois’ deep credit rating slide began in 2009. The state experienced 13 total credit downgrades from the three major rating agencies from 2009 through 2013, … Continue reading
Democrat leader Mike Madigan seems finally to have figured out that he has some role to play in the downgrading of Illinois’ credit rating. He sent the following letter to Standand and Poor’s yesterday: No pension bill passed the Illinois … Continue reading
This comment from Cary Grade School Board President Scott Coffey explains the deterioration in the City of Crystal Lake’s credit rating: FYI, here is the summary of why Moody’s downgraded the City of Crystal Lake’s credit rating on 6/8/16: “Moody’s … Continue reading
When Moody’s downgraded the McHenry County Conservation District’s credit rating, I asked for a breakout of the outstanding $124.3 million debt. Here it is: 2001 Referendum bond debt as of 3/31/14 = $51,342,993 2007 Referendum bond debt as of 3/31/14 … Continue reading
A press release from Congressman Randy Hultgren: Hultgren: New Reports Show Senate Should Have Passed Cut, Cap And Balance Washington, D.C. – U.S. Rep. Randy Hultgren (IL-14) today released the following statement regarding a recent report [from Reuters] stating that … Continue reading
Rep. Walsh Issues Statement on Standard and Poor’s US Credit Rating Downgrade Fox Lake, Illinois – Today, Congressman Joe Walsh issued the following statement on Standard and Poor’s decision to downgrade the United State’s credit rating for the first time … Continue reading
