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

Coming soon: The Mustache Hall of Fame

burtreynolds

There are halls of fame for everything from baseball to rock 'n' roll, so why not those with a hairy upper lip?

in Music

Pink Floyd warns album ‘not for iTunes generation’

pinkfloyd

David Gilmour has warned the band's younger fans they might not enjoy the upcoming album.

in Entertainment

Inspiration for ‘Harry Potter’ nemesis revealed

harrypotter

J.K. Rowling says the much-hated character Dolores Umbridge is based on a teacher to whom she took an instant dislike.