(Springfield, IL) — The bond rating company, Moody’s Investors Services is warning the state that another year without a budget could be costly. Their report says another year like the current one could more than double the state’s deficit and lead to further downgrades of the state’s credit. After a June downgrade, Moody’s currently ranks Illinois debt at Baa2, just two steps above “junk” level.
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David Stewart/dlt IL)
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