Moody's revises Illinois credit outlook to negative on pensions

CHICAGO Thu Dec 13, 2012 5:58pm EST

Related Topics

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.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article