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Illinois bond rating sinks to worst
in the nation with S&P downgrade

Sun-Times [Chicago, IL], by Dave McKinney & Zach Buchheit

Original Article

Posted By:Rat Patrol, 1/25/2013 7:33:15 PM

Springfield — Citing inaction on pensions, a prominent Wall Street bond-rating agency downgraded Illinois’ bond rating Friday, making the state the nation’s worst credit risk. The move by Standard & Poor’s to rate Illinois’ bonds at A- with a negative outlook comes as the state is preparing to go out on the market Wednesday with a $500 million bond issue. With the new lowered rating, Illinois eclipsed California as the least creditworthy state in the country in Standard & Poor’s eyes and could face higher borrowing costs. “We assessed what the pension fund status is,

Comments:
PS the entire state is run by Obama Democrats and has been run by Obama Democrats for over ten years...No evil GOP to blame for this one.

Please "split" headline & post source properly.LCom Staff.

      


Post Reply  

Reply 1 - Posted by: Philipsonh, 1/25/2013 7:41:20 PM     (No. 9139622)

"BLUE" states can cause a lot of income investors the blues. Note that DC works the same way. They have no idea what a balanced budget is and just create diversions from the real issues. Currently in gun-grabbing mode.
Keep you occupied with anything but the two most important items, National Defense and Economic security, which actually go hand-in hand

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Reply 2 - Posted by: uno, 1/25/2013 7:59:15 PM     (No. 9139650)

Destroying America. All part of the plan.
No one can be this "inexperienced"
No one can be this "inept"
No one can be this "incompetent"
No one can make this many repeated "mistakes"
After four years no one can just keep goofing up over and over again without it being intentional.

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R-VAR_AD


 
Reply 3 - Posted by: Rat Patrol, 1/25/2013 8:14:12 PM     (No. 9139677)

Illinois State Senate=controlled by Democrats for the last twenty years.

Illinois State House=controlled by Democrats for the last twenty years.

Illinois Governor =controlled by Democrats last ten years.

Look at all the good they did...

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Reply 4 - Posted by: bkt23, 1/25/2013 8:22:03 PM     (No. 9139701)

You´re right, #2. This isn´t by accident; it´s by design.

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Reply 5 - Posted by: thewarden, 1/25/2013 10:05:38 PM     (No. 9139804)

What were you all saying about California?

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Reply 6 - Posted by: hot coffee, 1/25/2013 10:38:02 PM     (No. 9139821)

The easiest way for Illinois to improve their bond rating is for them to sell Chicago to Canada.

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Reply 7 - Posted by: chefrandy, 1/25/2013 11:23:12 PM     (No. 9139844)

#6, I´d be happy if we´d just give it to Wisconsin.

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Reply 8 - Posted by: smcchk, 1/25/2013 11:48:38 PM     (No. 9139868)

No, thanks, #7!

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Reply 9 - Posted by: oh-heck, 1/25/2013 11:55:39 PM     (No. 9139874)

If Illinois goes bust, the nation will notice. Then maybe they´ll ask why 10 years of increased taxes didn´t help.

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Reply 10 - Posted by: LanieLou, 1/26/2013 12:12:24 AM     (No. 9139891)

Not to worry! Superman Obama will fly in & save IL by reinstating the failed Cap & Trade Carbon Exchange he set up before he left... funded by the feds of course!

Remember this article when you see the regulations executed, requiring carbon tax collection from all US businesses and consumers.

It would be so silly not to use the existing failed exchange in Chicago!

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Reply 11 - Posted by: BigGeorgeTX, 1/26/2013 12:56:18 PM     (No. 9140689)

It still won´t stop them from borrowing like there´s no tomorrow, ala favorite son Barack.

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