Illinois earns highest credit rating in 15 years: what Moody's upgrade means for taxpayers
Illinois earns highest credit rating in 15 years: what Moody's upgrade means for taxpayers

Illinois earns highest credit rating in 15 years: what Moody's upgrade means for taxpayers

Moody's has upgraded Illinois' credit rating to A1, marking the state's highest bond rating in nearly 15 years and its 11th upgrade since 2021 under Governor JB Pritzker. University of Chicago Professor and Center for Municipal Finance Director Justin Marlowe joins us to break down how the rating could help reduce the state's borrowing costs, while persistent pension liabilities keep Illinois' overall score at the bottom of the nation.

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