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October 21, 2014, 1:27 pm
970 WMAY News

S&P Improves Outlook For Illinois Bonds After Pension Deal

Another credit rating agency is giving Illinois a somewhat improved score… thanks to the recent pension reform deal. 


Standard and Poor’s has changed its outlook on the state’s bonds from “negative” to “developing.” 


The state’s actual credit rating remains unchanged at “A-minus”… but the improved outlook is a signal that the credit rating could be boosted in the future, especially if the pension reform deal survives an expected legal challenge.

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