The Illinois Finance Authority will go to market with an $850 million deal for the Illinois Environmental Protection Agency next week, replenishing the state revolving fund loan program's clean water initiative and refunding two series of bonds previously issued by the authority.
More debt. I wouldn’t trust Fitch’s rating for these, as the rating doesn’t take into account the problems coming to a head due to the near-criminal mismanagement of state finances by JB the Hutt and his political animal henchmen.
Actually, the IL Finance Authority is quite separate from the state. These bonds would be backed by mortgages on the facilities they fund, so it’s not a State of IL credit issue.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
More debt. I wouldn’t trust Fitch’s rating for these, as the rating doesn’t take into account the problems coming to a head due to the near-criminal mismanagement of state finances by JB the Hutt and his political animal henchmen.
Actually, the IL Finance Authority is quite separate from the state. These bonds would be backed by mortgages on the facilities they fund, so it’s not a State of IL credit issue.