News

S&P Revises Illinois Outlook Downward

S&P Revises Illinois Outlook Downward

Photo: Newsradio WTAX

Standard & Poor’s Ratings Services has changed its outlook on Illinois’ credit rating for the worse.

It revised its outlook from “developing” to “negative” on Illinois’ A-minus rating. S&P says the state’s $35.7 billion budget isn’t structurally balanced. It also cites an Illinois Supreme Court ruling that found the state can’t force retirees to pay for part of their health care.

S&P says if the pension overhaul is found unconstitutional it could have a “profound and negative effect on Illinois’ budgetary performance and liquidity.”

Recent Headlines

in Entertainment

Today in entertainment history: Nov. 28

Fresh
willienelson

A look at the Hollywood headlines that went down in history.

in Black Friday, Entertainment

‘Frozen’ tops Barbie as top girls’ holiday pick

frozen

The results marked the first time in 11 years that Barbie hasn't held the No. 1 spot in the annual toy survey.

in Entertainment

Today in entertainment history: Nov. 27

beatles

A look at some of the Hollywood headlines that made history.