A day after the Illinois General Assembly ended it’s spring session without passing a budget, two bond rating agencies have downgraded the state’s credit. The actions, by S&P Global Ratings and Moody's Investors Service, leave state government debt just one step above “junk” status.

A day after the Illinois General Assembly ended it’s spring session without passing a budget, two bond rating agencies have downgraded the state’s credit. The actions, by S&amp;P Global Ratings and Moody's Investors Service, leave state government debt just one step above “junk” status.

Budget Failure Leads To Credit Downgrades

Past Due is a commitment by NPR Illinois to cover the historic Illinois budget impasse and to the explain the impact that continues to build as time passes without a budget.

Share Budget Failure Leads To Credit Downgrades

Sign up to save your podcasts

Budget Failure Leads To Credit Downgrades

Budget Failure Leads To Credit Downgrades