News

Fitch Ratings Not Concerned About Pension Delay

Fitch Ratings Not Concerned About Pension Delay

Photo: Newsradio WTAX

A major credit-rating house says a hold on a lawsuit involving Illinois’ pension overhaul is not cause for concern.

Fitch Ratings says experts expected a strong legal challenge to the overhaul that became law last fall. And it pointed out that no one is counting on savings from the bill any time soon.

Fitch rates Illinois’ credit as the lowest of any state in the nation. It says the pension overhaul is positive but Illinois’ constitutional pension-benefit protections are strong.

Recent Headlines

in Entertainment

Police search Indy home of ‘Jared from Subway’

jaredfogle

Authorities searched the home of Subway pitchman Jared Fogle, about two months after the executive director of his nonprofit foundation was arrested on child pornography charges.

in Music

Aerosmith star Tom Hamilton is cancer free

tomhamiltonaerosmith

The bassist was diagnosed with throat and tongue cancer in 2006, but the disease returned in 2011 prompting him to seek further treatment.

in Music

Remember that time the Rolling Stones got arrested in Arkansas?

13-overlay2

The Hall of Fame rockers were arrested for reckless driving 40 years ago but for a young deputy prosecutor the case was one to remember.