The State of Illinois, often a microcosm of the country, is now at the back of the pack as far as the fifty states of the US are concerned. With its general-obligation rating lowered to A2 from A1 in January, it is now the lowest-rated by Moody’s of all the states. Its A+ rating by Standard and Poor’s is the fifth highest in that firm’s ratings of the states, but it is on negative outlook and could be downgraded.
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