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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.