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Business & Lifestyle

Illinois Policy Institute: Moody’s warns delay of state funding for Illinois schools a ‘credit negative’

SPRINGFIELD/CHICAGO (Illinois Policy Institute) -- State lawmakers keep giving ratings agencies reasons to downgrade Illinois government: pension crises, years of bad budgets and a two-year budget impasse are just a few examples. All have caused the credit ratings of various Illinois governments – from cities to universities to the state itself – to collapse. Many are now junk-rated and the state is just one notch away from junk itself. Now the ratings agencies have yet another reason to downgrade some […]

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