S&P, Moody's Lower Illinois' Credit Rating Over Budget MessA second major credit rating agency has downgraded Illinois' rating, citing financial ``mismanagement'' by state leaders amid a yearlong budget impasse.
S&P Improves Financial Outlook on IllinoisStandard & Poor's affirmed its A- rating on state debt backed by general tax revenue Tuesday but revised its outlook from "negative" to "developing."
Moody's Downgrades Debt of 7 Illinois UniversitiesIllinois now has the lowest credit rating of any state in the country, largely because of its unpaid bills and $100 billion in unfunded retirement plans for state employees.
Gov. Nixon Defends Veto of Mo. Tax Cut LegislationNixon sent lawmakers a letter Monday that said enacting the tax cuts could jeopardize Missouri's AAA-credit rating. Nixon says credit rating agencies noted the legislation in reports this month.
S&P Lowers Illinois Credit Rating Over PensionsThe downgrade, from A+ to A, leaves Illinois with the nation's second-lowest rating from S&P.
Pension Chaos Could Lower Illinois' Credit RatingIllinois' credit rating is already the lowest of any state. The decline would make it more expensive to borrow money.
Illinois' Credit Rating Lowest in Nation Illinois has been given the lowest credit rating of any state in America by Moody's Investors Service.
St. Louis' A+ Credit Rating Remains StrongDespite federal debt downgrade.