Rezin: Taxpayers to pay for credit downgrade
Standard & Poor drops Illinois’ credit rating to an ‘A’
PERU, Ill. — Standard & Poor’s decision to once again downgrade Illinois’ credit rating in the midst of budget and pension challenges will have serious consequences for taxpayers down the road, State Sen. Sue Rezin (R-Morris) says.
Illinois has been dropped to an “A” with only California rated lower at A-minus. This is the 10th downgrade since Governor Quinn took office, and the 13th in the past 10 years. Illinois had six downgrades total from 1983 to 2003.
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