Five Illinois Universities Ranked As Junk Credit 

(Chicago, IL)  —  Five of Illinois’ public universities officially have junk credit. Moody’s Investors Service over the weekend downgraded Southern Illinois University, Northern Illinois University, Governors State University, Northeastern Illinois University and Eastern Illinois University to junk. The downgrade follows a downgrade for the entire state of Illinois. Moody’s says a lack of a state budget is to blame for the universities’ declining credit rating.