| | | | Title: | | | | | Volume/Number: | 2013 January 26 | | | | Issuing Agency: | | | | | Description: | Standard and Poors has announced another downgrade of Illinois General Obligation bond debt. Illinois has now sunk to an A- rating with a negative outlook, the lowest of all 50 states. SandP states, The downgrade reflects what we view as the states weakened pension funded ratios and lack of action on reform measures. This rating action is now the eighth negative issuance against Illinois by the various ratings agencies to Illinois bonding entities since the beginning of 2012. | | | | Date Created: | 01 26 2013 | | | | Agency ID: | 87**13 | | | | ISL ID: | 000000046475 Original UID: 26022 FIRST WORD: Treasurer | |
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