Illinois' already worst in the nation credit rating is getting even worse. Fitch Ratings lowered the state's credit to a few steps above junk yesterday. Fitch says Illinois hasn't had a real budget in two years and is spending far more than the state can afford. Even if Illinois gets a budget this year, Fitch says the state is years away from repairing its credit and reputation.
Thursday, February 2, 2017
Fitch Downgrades State's Credit Rating
Illinois' already worst in the nation credit rating is getting even worse. Fitch Ratings lowered the state's credit to a few steps above junk yesterday. Fitch says Illinois hasn't had a real budget in two years and is spending far more than the state can afford. Even if Illinois gets a budget this year, Fitch says the state is years away from repairing its credit and reputation.
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