Illinois Universities Follow State in Credit Rating Freefall

Six Illinois public universities has their credit rating lowered by Moody’s Investors Service following in the footsteps of the Illinois state government. Southern Illinois Univesity and Northern Illinois University were lowered to Baa1 matching the state government, Northeastern Illinois University was downgraded to Baa2, and three more universities1 were downgraded to Baa3 status (archived). The budget standoff in Illinois continues with lottery winnings continuing to be rationed and labor unrest including the East Saint Louis teacher's strike is ongoing. There are no publicly facing indications that Illinois Governor Bruce Rauner and the legislature are anywhere near resolving the Illinois budget situation.

  1. Western Illinois University, Eastern Illinois University, and Governor's State University  

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