CHICAGO— For the first time in more than two decades, the state of Illinois has received a bond rating upgrade from Moody’s Investors Service. Following the announcement, State Senator Elgie Sims, Jr. (D-Chicago) released the following statement:

“When budget negotiations first began this Spring, I vowed to move Illinois toward fiscal stability by working with other leaders in taking a responsible approach for a brighter future for all Illinoisans. Moody’s ratings upgrade coupled with the recent positive economic outlook by Fitch shows that all of the hard work and determination that went into a plan that moves Illinois forward and puts taxpayers first is working. The state of Illinois is headed in a positive direction and I am very proud of our progress.

I looking forward to working with my colleagues on both sides of the aisle and the Governor to continue our collective efforts to improve the state’s financial condition and to ensure fiscal stability and growth for all Illinoisans. Our work continues.”