Credit Raters Encouraged By Illinois’ Financial Outlook

SPRINGFIELD, Ill. (AP) — Two of the nation’s top credit-rating houses smiled favorably on Illinois financial outlook Monday following a vote Sunday in the House of Representatives to increase state revenue by $5 billion annually with an income tax increase. Fitch Ratings and S&P Global each issued encouraging notices despite Republican Gov. Bruce Rauner’s immediate threat to veto the 32 percent tax hike.