state of Illinois

Governor Pat Quinn is calling for a meeting today with legislative leaders to discuss Illinois' pension crisis. The move comes after a downgrade of the state's bond rating.

Illinois' Credit Rating Faces More Scrutiny

Jan 12, 2013
State of Illinois

All three major credit rating agencies have labeled Illinois' financial outlook a "negative."  Fitch issued its downgrade Friday. Fitch blames its action on lawmakers' failure to pass a pension overhaul before adjourning Tuesday.