Rating On Illinois Lowered To 'A' From 'A+' On Weak Pension Funding And Continued Structural Deficits; Outlook Negative Aug 12
- Language: English
- Published: August 2012
- Region: Illinois
Standard & Poor's Ratings Services lowered its rating on the debt of various Illinois issuing entities in conjunction with its downgrade on the state general obligation (GO) rating to 'A-' from 'A'. The negative outlook on the entities' ratings mirrors the negative outlook on the state's GO bonds. See the related report on Illinois published earlier today on RatingsDirect on the Global Credit Portal. The negative outlook mirrors that on the state's GO bonds. Temporary contact number for Robin Prunty: (1) 914-582-7470. U.S. State And Local Government Credit Conditions Forecast, Jan. 17, 2013 USPF Criteria: State Ratings Methodology, Jan. 3, 2011 USPF Criteria: Financial Management Assessment, June 27, 2006...
Companies mentioned in this report are:
Action: Outlook: Negative
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