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Illinois' $2.45 billion GO sale should attract a wider investor audience with the higher ratings as the state seeks to raise new money for capital projects, fund ongoing pension buyout programs, and refund some debt for present value savings. [ABSTRACT FROM AUTHOR]

Illinois earlier this week saw its second upgrade of the year and Gov. J.B. Pritzker suggested an uptick in revenue projections could provide room to further bolster fiscal metrics that helped draw the upgrade. [ABSTRACT FROM AUTHOR]

"We really have worked hard during this strong stretch here of economic performance over the last 18 months or so to really kind of address some of those lingering debts we inherited," said Illinois Office of Management and Budget Director Alexis Sturm. [ABSTRACT FROM AUTHOR]

Illinois trimmed yield penalties in its latest sales tax-backed sale with spreads of 40 and 45 basis points on its 10-year compared to 89 bp three years ago. [ABSTRACT FROM AUTHOR]

Both the big Illinois bond deal and the giant Texas note sale were warmly received by investors Wednesday. [ABSTRACT FROM AUTHOR]

Illinois' $2.5 billion transaction took center stage Wednesday as the state's first GOs to carry an A-level rating since 2016 still offers a healthy yield kick over the A and BBB benchmarks. [ABSTRACT FROM AUTHOR]

The state spreads landed wide compared to a May sale, but remained far narrower than early in the pandemic and during the state's two-year budget impasse. [ABSTRACT FROM AUTHOR]

Illinois trimmed yield penalties in its latest sales tax-backed sale with spreads of 40 and 45 basis points on its 10-year compared to 89 bp three years ago. [ABSTRACT FROM AUTHOR]

Secondary trading showed clear strength across the yield curve Thursday with bellwether names trading up significantly from recent prints and original pricing levels. New-issues in the primary benefited with issuers repricing to lower yields and tight to triple-A curves. [ABSTRACT FROM AUTHOR]

Illinois hits the market over the next month with $500 million of new money and refunding bonds under its sales-tax backed Build Illinois bond program [ABSTRACT FROM AUTHOR]

Illinois asked a judge to put off the effective date of a possible court order elevating Medicaid over other payment obligations. [ABSTRACT FROM AUTHOR]

Moody's Investors joined S&P Global Ratings in lifting the state into the A category with a single notch upgrade to A3 Tuesday. [ABSTRACT FROM AUTHOR]

The double-A rated toll agency has two new money toll revenue bond deals on tap for 2023, totaling $900 million. [ABSTRACT FROM AUTHOR]

The state will hold an in-person and remote investor meeting Sept. 21 before heading into the market the following week. [ABSTRACT FROM AUTHOR]

Illinois' spread penalties widened sharply from the state's last deal, but they landed in lockstep with current trading levels as the state saw healthy demand for its $1.6 billion GO issue. [ABSTRACT FROM AUTHOR]

Illinois expects to sell about $1 billion of new-money general obligation debt but the deal could grow if market conditions permit savings on a refunding piece. [ABSTRACT FROM AUTHOR]

The Illinois Finance Authority signed off on the financing cementing NorthShore University HealthSystem's recently closed merger with Edward-Elmhurst Health. [ABSTRACT FROM AUTHOR]

Susana Mendoza argues that a budget plan that would use surpluses to pay down bills and raise pension contributions shows the state is on the right fiscal path. [ABSTRACT FROM AUTHOR]