Friday, June 9, 2017

Illinois' bonds, near junk status, are 'no place for an individual investor'

The downgrade of Illinois' bond rating to one step above junk status earlier this month makes one thing very clear: The state's municipal bonds are no place for faint-of-heart investors.

S&P Global Ratings and Moody's, citing the state's budget impasse and its $14.5 billion in unpaid bills, gave...

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