Name: Illinois Isn’t a Junk-Rated Credit. It’s Just Trading That Way After Voters Rejected a Progressive Tax.
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Illinois Isn’t a Junk-Rated Credit. It’s Just Trading That Way After Voters Rejected a Progressive Tax.

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Next:ShareThis copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/illinois-isnt-a-junk-rated-credit-its-just-trading-that-way-after-voters-rejected-a-progressive-tax-51604585728Illinois’ bond prices fell after voters rejected a graduated income tax proposal on Tuesday’s ballot. And while , it is already trading like junk. Several years after its budget-setting process was frozen by political gridlock, the state has been taking steps to increase revenue and reduce its reliance on bond markets—partly because its bonds are rated BBB-, just one tier above junk.CloseIllinois’ bond prices fell after voters rejected a graduated income tax proposal on Tuesday’s ballot.SENDAn error has occurred, please try again later.Thank youThis article has been sent toCopyright © 2022 Dow Jones &amp; Company, Inc. All Rights Reserved.Copyright ©2022 Dow Jones &amp; Company, Inc. All Rights ReservedThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

Next:ShareThis copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/illinois-isnt-a-junk-rated-credit-its-just-trading-that-way-after-voters-rejected-a-progressive-tax-51604585728Illinois’ bond prices fell after voters rejected a graduated income tax proposal on Tuesday’s ballot. And while , it is already trading like junk. Several years after its budget-setting process was frozen by political gridlock, the state has been taking steps...

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Illinois Isn’t a Junk-Rated Credit. It’s Just Trading That Way After Voters Rejected a Progressive Tax.

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