Moody's revises Illinois credit outlook to negative on pensions
CHICAGO Dec 13 (Reuters) - Moody's Investors Service on Thursday revised Illinois' credit outlook to negative from stable, citing the likelihood of persistent and worsening public-pension funding pressures.
The rating agency, which affirmed Illinois' A2 rating, also said the state's problems could be exacerbated by the upcoming partial expiration of income tax rate increases.
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