Moody's

Ratings agency downgrades Northwestern’s credit rating

October 14, 2019

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...

Ratings agency identifies bleaker financial outlook for Northwestern

February 4, 2019

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.

Illinois Supreme Court kills 2013 pension reform

May 10, 2015

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...

Local governments eye pension consolidation, regulations

April 14, 2015

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 lowers Evanston’s credit rating

July 18, 2013

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...

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