A credit rating agency last week downgraded its opinion of Northwestern’s financial health, marking a bump in the road to achieving a balanced budget.
Moody’s, a Big Three rating agency, stripped...
Standard & Poor’s, one of the Big Three credit rating agencies, revised its outlook on NU’s long-term revenue bonds to “negative” from “stable,” citing worries about the school’s increasing debt.
The Illinois Supreme Court ruled unanimously on Friday that pension reductions passed in 2013 were unconstitutional.
The decision struck down the most recent attempt to address a $111 billion pension...
The Illinois pension system was ranked last in the country in September by credit-rating agency Moody’s, and now the north suburbs are considering a plan to consolidate local pensions into a larger pool...
Fitch Ratings today became the second agency to knock Evanston’s credit rating a notch below the highest possible score, also pointing to the city’s sizable unfunded pension liabilities.
The...
