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

7 hours ago in Entertainment, Sports

You can stream the Super Bowl

superbowl50helmets

This year, CBS will broadcast the game on TV and stream it live on cbssports.com. The network will play the same commercials on TV and on the live stream.

1 day ago in Entertainment

McDonald’s serving up ‘smarter’ Happy Meals

18-overlay-2

Ronald McDonald plans to serve up a side of literacy as the fast food giant swaps toys for millions of books.

1 day ago in Entertainment

OPENING WEEKEND: ‘Hail, Caesar!’ and ‘Pride and Prejudice and Zombies’

12-overlay-2

Here's a look at some of the films set to open this weekend.