April 5, 2018 / 6:23 PM / 16 days ago

BRIEF-Moody's Assigns Baa3 To Illinois' $500 Mln Series Of May 2018 GO Bonds

April 5 (Reuters) - Moody’s:

* MOODY’S ASSIGNS Baa3 TO ILLINOIS’ $500 MILLION SERIES OF MAY 2018 GO BONDS; OUTLOOK NEGATIVE

* MOODY’S SAYS RATING REFLECTS ILLINOIS’ EXTREMELY LARGE NET PENSION LIABILITIES, HISTORY OF UNBALANCED FINANCIAL OPERATIONS

* MOODY’S SAYS ILLINOIS’ CREDIT OUTLOOK IS NEGATIVE, BASED ON MOODY’S EXPECTATION OF CONTINUED GROWTH IN STATE’S UNFUNDED PENSION LIABILITIES, OTHERS Source text for Eikon:

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