general obligation bonds

Governor candidate Gary Rabine says state fiscal policies are "irresponsible," despite bond rating increase (Woodstock, IL) – Gov. Pritzker may be patting himself on the back for the uptick in Moody’s ratings of Illinois’ General Obligation bonds, but Gary Rabine, a candidate for Governor, says the truth is that federal spending is masking the state’s irresponsible fiscal policies and the state still has the worst credit rating of all 50 states...