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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