Moody’s Investors Service
State’s three-year average liability over revenue is 258 percent.
Illinois 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. Jay Nixon’s plan to expand Medicaid health care coverage in Missouri has encountered a new wrinkle of opposition from some lawmakers.
Illinois’ credit rating is already the lowest of any state. The decline would make it more expensive to borrow money.