There's A New Worst-Rated State In The Nation
Jan 26, 2013, 16:34 IST
S&P has downgraded Illinois to A- with a negative outlook after the state's legislature failed to take meaningful action on reforming municipal pension woes, the Chicago Sun-Times reports.
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At A-, Illinois now has the distinction of having the lowest credit rating among all states, surpassing California.
Here's the ranking as of last July, via Pew:
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SEE MORE: Twelve States Where Homeowners Remain Deep Underwater >
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