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S&P, Moody’s Downgrade Illinois to Near Junk, Lowest Ever for a U.S. State

Illinois had its bond rating downgraded to one step above junk by Moody’¬ôs Investors Service and S&P Global Ratings, the lowest ranking on record for a U.S. state, as the long-running political stalemate over the budget shows no signs of ending.

Source: www.bloomberg.com/news/articles/2017-06-01/illinois-bonds-cut-to-one-step-above-junk-by-s-p-over-stalemate

Categories: Economy, U.S. Government

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