s&p

Illinois To Receive $50 million From Settlement With Credit Rating Agency
Illinois To Receive $50 million From Settlement With Credit Rating Agency
John Gregory -- Illinois Radio Network More than $50 million will go back into Illinois’ pension systems thanks to a settlement with a credit rating agency. Standard and Poor’s is paying out $1.4 billion nationally over claims it inflated ratings to risky mortgage-backed securities in the years before the 2008 financial crisis...
Standard & Poor's Gives Illinois Negative Outlook
Standard & Poor's Gives Illinois Negative Outlook
SPRINGFIELD, Ill. (AP) — Standard & Poor's Ratings Services has changed its outlook on Illinois' credit rating for the worse. The agency Wednesday revised its outlook from "developing" to "negative" on Illinois' A-minus rating. S&P says the state's $35.7 billi...