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Bond rating history
Tuesday, Feb 5, 2013 * The Illinois Commission on Government Forecasting and Accountability’s latest monthly report includes a history of Illinois’ bond ratings dating back to 1973…  So, the last time Illinois’ bond ratings were upgraded was in June of 2000 - but only one agency did so. You have to go back to the Thompson administration to see the last Illinois AAA rating.
- Posted by Rich Miller
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- BrokeInSpringfield - Tuesday, Feb 5, 13 @ 11:37 am:
And the American Autmobile Association still wouldn’t loan us gas without a deposit for the can.
- Rich Miller - Tuesday, Feb 5, 13 @ 11:51 am:
Hmm. One comment? Maybe I should’ve put this graphic in another post.
- wordslinger - Tuesday, Feb 5, 13 @ 12:43 pm:
Gee, Rich, I thought bond ratings were a big deal, for all the sturm und drang whenever the agencies make a move.
- Kasich Walker, Jr. - Tuesday, Feb 5, 13 @ 1:27 pm:
Never knew about Fitch before today.
It’s half owned by Hearst, too.
I still think an investment in the debt of Microsoft is riskier than holding debt for the State of IL.
- wordslinger - Tuesday, Feb 5, 13 @ 1:33 pm:
–I still think an investment in the debt of Microsoft is riskier than holding debt for the State of IL.–
Of course it is. There’s not an investor in the world who would tell you differently.
- VanillaMan - Tuesday, Feb 5, 13 @ 1:33 pm:
Not the least surprised.
Illinois has been sliding a hell of a long time and has not shown any inclination to stop believing in Big Steel, Big John, Big Sears and Big Government. Progress moved to damn Texas around 1982…
- wordslinger - Tuesday, Feb 5, 13 @ 1:35 pm:
–Progress moved to damn Texas around 1982…–
LOL
- Arthur Andersen - Tuesday, Feb 5, 13 @ 3:36 pm:
Props to John Filan. Only one-one and a half hits on his watch. The big hit, of course, was when the $10 billion in Pension bonds were issued.
As an aside, I can’t believe I just wrote that.
- Scottish - Tuesday, Feb 5, 13 @ 4:09 pm:
Props to John Filan - seriously?!?!? Too bad what happens on someone’s “watch” doesn’t always have an immediate impact. Something we all should have learned by now.
- cover - Tuesday, Feb 5, 13 @ 6:03 pm:
Illinois lost its AAA rating two months into Michael J. Madigan’s first term as Speaker of the Illinois House, and has never regained it.