Another Rating Downgrade Looms for Illinois Over Its Pension Woes |
| January 12, 2013 | January 2013 Bond Updates |
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The Prairie State’s inability to get a hold of its unfunded pension liability has landed it in hot water with at least one rating agency. Fitch Ratings said Friday that it was placing the state’s bond rating on Rating Watch Negative, indicating that a downgrade in the near term is very real. |
| View more at: http://www.forbes.com/sites/tedradesue/2013/01/12/another-rating-downgrade-looms-for-illinois-over-its-pension-woes/ |
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