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October 20, 2014, 7:35 pm
970 WMAY News

Illinois Credit Outlook Shifted To ''Negative'' Over Worries About Pensions, Budget


There are new warnings that Illinois’s weak credit rating could be lowered even further… unless the state fixes its financial problems. 

 

Standard and Poor’s says another downgrade is likely if the recent pension reform law is struck down by the courts… and if the state fails to address the “structural imbalances” in its budget.

 

Illinois’s current A-minus rating is already the worst among the 50 states.

 

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