S&P has downgraded Illinois to A- with a negative outlook after the state's legislature failed to take meaningful action on reforming municipal pension woes, the Chicago Sun-Times reports.
At A-, Illinois now has the distinction of having the lowest credit rating among all states, surpassing California.
Here's the ranking as of last July, via Pew:
4 comments:
Obama helped make Illinois go broke and now he's doing the same to our Country.
I can sum Illinois up with two words:
Democrats
Unions
I left Illinois 25 years ago, my home state. Too bad I wound up in Maryland... I need a new state. Kentucky or Tennessee look good.
That explains why the last time I drove through Illinois my car kept pulling to the left.As soon as I got out of Illinois it was fine.
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