
FITCH Affirms Top AAA Rating to Illinois Funds
SPRINGFIELD — The Illinois Funds, a mutual fund investment used by local governments through the Illinois State Treasurer’s Office, has earned the top AAA rating from Fitch Ratings, Illinois State Treasurer Michael Frerichs said today. The Illinois Funds rating reaffirms the confidence Fitch showed in the program during the last year. The Illinois Funds provides more than 1,500 units of local government a safe investment vehicle with competitive rates that are designed to complement, not compete with, local banking relationships. “This is an example of an outside firm pointing out…

