By Bill Cameron, WLS-AM News
(SPRINGFIELD, IL) The states’ credit rating has taken another big hit.
Moody’s has dropped the state’s bond rating down to a couple notches above junk. State Comptroller Leslie Munger is frowning.
“It certainly does not help the matter,” Munger said. “The Moody’s bond ratings, are a reflection of the riskiness of loaning money to the State of Illinois and the fact that we are finishing up one year without a budget and that we are about to enter our next year without a budget certainly makes us look riskier.
Munger also announced Thursday that without a state budget, payments for about everything but debt, court orders and pensions will stop July 1.
@ 2016 WLS-AM News
