Moody’s lowers Illinois credit rating, again

Illinois has been given the lowest credit rating of any state in America …

No other state has such a low rating … California is next to last … A lower rating means the state has to pay more interest when it sells bonds. That increases costs to taxpayers …Illinois officials have not taken steps to end chronic delays in paying bills or to strengthen government pension systems that are short of money … Illinois suffers from weak managemen

Source:
http://www.chicagotribune.com/news/chi-ap-il-illinoiscreditrat,0,5485781.story

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