Thursday, June 1, 2017

Illinois cut near junk by S&P, lowest ever for a U.S. state

Illinois had its bond rating downgraded to one step above junk by S&P Global Ratings, the lowest grade that it's given to a U.S. state on record, as a long-running political stalemate over a budget shows no signs of ending.

The company warned that Illinois is at risk of losing its investment-grade...

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