Moody's Downgrades Credit Rating of Illinois Universities
Dave Dahl -- Illinois Radio Network
The budget downgrades in Illinois have been extended to universities – six of them in Illinois.
Moody's Investors Service has downgraded the credit rating of Eastern Illinois, Governors State, Northeastern Illinois, Northern Illinois, Southern Illinois, a…
Moody's Downgrades Chicago Credit Rating to Junk Bond Status
CHICAGO (AP) — Moody's Investors Service has lowered Chicago credit rating to junk bond status, a move Mayor Rahm Emanuel is calling irresponsible.
In making the decision Tuesday, Moody's noted the city's options for curbing growth in its unfunded pension liabilities was hurt by …