S&P Improves Financial Outlook on IllinoisStandard & Poor's affirmed its A- rating on state debt backed by general tax revenue Tuesday but revised its outlook from "negative" to "developing."
Dooley Responds to Councilwoman's Concerns Over Credit RatingAfter Colleen Wasinger, R-Town & Country, inquired about the downgrade, St. Louis County Executive Charlie Dooley responded with a letter last week.
S&P Lowers St. Louis County Bond RatingStandard & Poor's has lowered St. Louis County's bond rating from AAA to AA+. The ratings agency announced the news Thursday.
Koster, US Sue S&P Over Pre-Crisis Mortgage RatingsThe U.S. government says Standard & Poor's knowingly inflated its ratings on risky mortgage investments that helped trigger the 2008 financial crisis.
S&P Lowers Illinois Credit Rating Over PensionsThe downgrade, from A+ to A, leaves Illinois with the nation's second-lowest rating from S&P.
Pension Chaos Could Lower Illinois' Credit RatingIllinois' credit rating is already the lowest of any state. The decline would make it more expensive to borrow money.
Illinois Attorney General Sues Standard & Poor'sThe lawsuit accuses Standard & Poor's of misleading investors by assigning its highest ratings to risky mortgage-backed investments during the years leading up to the crash.