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|Subject: Illinois aiming for the bottom||Date: 1/26/2013 10:57 AM|
|Author: telegraph||Number: 668358 of 864774|
Standard & Poor's Ratings Services dropped the credit rating for Illinois Friday, putting it on track to have the lowest rating among U.S. states.
The decision by S&P follows the collapse earlier this month of a proposal in the Illinois legislature to address the deepest public-pension shortfall in the nation.
The downgrade of the state's bond rating to A- from A puts Illinois on par with California. However, S&P has a negative outlook for Illinois, while its outlook for California is positive. Moody's Investors Service already gives Illinois the nation's lowest rating,
Owebama's home state......he did his part to ruin it before he bugged out....
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