Tuesday, December 8, 2009

Moody's downgrades Illinois debt ratings | Reuters

moodysMoody's put the state on review for a potential downgrade shortly after Illinois enacted its fiscal 2010 budget in July.

Ahead of the $530 million sale of Build Illinois bonds, S&P affirmed an AAA rating, while Fitch affirmed an AA rating based on strong debt service coverage provided by the sales tax.

Moody's downgrades Illinois debt ratings | Reuters

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