053021HAO00078rCHICAGO – State Senator Mattie Hunter (D-Chicago) released the following statement after news that Fitch Ratings revised its outlook on Illinois’ General Obligation Bonds from negative to positive:

“I’m extremely pleased with the Fitch outlook upgrade. This positive rating proves that the budget we passed and the actions we have taken over the past several years are fiscally responsible.

“Even though COVID-19 threw a wrench in things, I remain optimistic that we can continue to keep this debt decline moving forward. I am grateful for the leadership of our state’s top frontrunners: Governor Pritzker, Senate President Harmon, Speaker Welch and my colleagues for their suggestions and recommendations that help get us to this point. Further, I am appreciative of our budget and revenue staff for getting us to this point.

“I am excited to see the new opportunities for financial recovery and advancement. If we stay on this track, borrowing will cost less and taxpayers can save more money.”

Category: Press Releases

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