CHICAGO (Reuters) - S&P Global Ratings dropped Illinois' credit rating one notch to BBB on Friday and warned it could fall further absent a long-term solution that deals with the state's chronic structural budget deficit and pension woes.
Reuters: U.S., Reuters: Nation
Fri, 09/30/2016 - 7:53pm
CHICAGO (Reuters) - S&P Global Ratings dropped Illinois' credit rating one notch to BBB on Friday and warned it could fall further absent a long-term solution that deals with the state's chronic structural budget deficit and pension woes.