Moody’s Investors Services raised the state’s rating one notch, citing “material improvement in the state’s finances.” Although the upgrade still leaves Illinois bonds rated just two notches above so-called “junk” status, Gov. JB Pritzker said it marked a turning point for the state, and he credited the General Assembly and members of his own administration for bringing greater fiscal discipline to the state’s budget.
Rating Houses, in the past, have had their challenges making correct judgements about the viability of some investments. I am thinking of their behavior when they rated Mortgage Backed Securities and CDO’s in 2007 and 2008. Just because they did this…doesn’t make it correct.
Fed up neighbor
4 years ago
Federal monies sure work wonders hey Pritzker it most certainly has nothing to do with your crappy leadership, please quit patting yourself on the back you know damn well Illinois is doomed.
I’m sure JB will run around blowing his horn on this. But in reality it is like your second baseman who is batting .161 boasting that he got his batting average up to .171 Still pathetic but it is an improvement.
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.
Rating Houses, in the past, have had their challenges making correct judgements about the viability of some investments. I am thinking of their behavior when they rated Mortgage Backed Securities and CDO’s in 2007 and 2008. Just because they did this…doesn’t make it correct.
Federal monies sure work wonders hey Pritzker it most certainly has nothing to do with your crappy leadership, please quit patting yourself on the back you know damn well Illinois is doomed.
You really think those arms can reach his back
Needed a good laugh thanks.
I’m sure JB will run around blowing his horn on this. But in reality it is like your second baseman who is batting .161 boasting that he got his batting average up to .171 Still pathetic but it is an improvement.
With MLB giving him free base hits to pad his stats