Moody’s Holds Illinois’ Credit Steady
(Springfield, IL) — Illinois’ credit isn’t getting any better, but it’s not getting any worse either. Moody’s Investors Service yesterday issued a new credit update for the state. Moody’s upgraded Illinois from near-junk status with a negative outlook to near-junk status with a stable outlook. Moody’s says Illinois’ credit is still the worst of any state in the nation, and could get worse if Illinois doesn’t get a handle on its nearly six billion-dollars in unpaid bills and 130 billion-dollar pension debt.
Benjamin Yount/acb IL)
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