Moody's gives Illinois another credit upgrade

SPRINGFIELD — Moody’s Investors Service announced Tuesday that it has upgraded Illinois’ bond rating to A3, up from Baa1, marking the eighth credit upgrade the state has received in less than two years. Moody’s is now the second major rating agency to put Illinois in the ‘A’ category following S&P’s decision on Feb. 23 to upgrade the state to A- on its scale.

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