Illinois' bond rating takes hit from S&P | Crain's Chicago Business

 Standard & Poor's Ratings Services slicing the state's general obligation rating on Thursday to A-plus from AA-minus.

That followed Moody's Investors Service cut of the state's rating on Tuesday to A2 from A1

S&P said the negative outlook was retained because of the state's "questionable" willingness to implement difficult and politically unpopular measures to restore a budget balance.

Illinois' bond rating takes hit from S&P | Crain's Chicago Business