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Illinois Comptroller Urges Credit Upgrades in Letter to Rating Firms

  • State’s moves ‘favor upgrading’ bond rating, Mendoza writes
  • Touts unpaid bill backlog reduced, emergency loans paid back
Susana Mendoza

Susana Mendoza

Photographer: Seth Perlman/AP

Illinois Comptroller Susana Mendoza is urging the top three credit rating firms to again bump up her state because of its mounting fiscal improvements that already led to its first upgrades in two decades last year.

“I believe Illinois is due to be recognized for our current achievements and plans to further strengthen our financial situation, and I believe these are strong indicators that favor upgrading Illinois’s credit rating,” Mendoza wrote in a letter dated Feb. 4, viewed by Bloomberg News.