bonds en Business Group Refuses Comment on Bond Accusation <p>An influential group of business executives is declining to comment on the possibility it helped to lower Illinois' credit rating. But public employees’ unions are calling for an investigation.</p><p>The Civic Committee of the Commercial Club of Chicago — and one of its leaders, former Illinois Attorney General Ty Fahner — were early leaders of the charge to do something about the state's underfunded pensions.</p><p>Fahner's been one of the most vocal advocates of doing not just something, but something major, to bring down the state's pension costs.</p> Fri, 26 Jul 2013 23:11:08 +0000 Amanda Vinicky 6361 at Report Questions Illinois' Low Credit Rating <p class="p1"><span style="line-height: 1.5;">&nbsp;&nbsp;</span>Governor Pat Quinn says Illinois' failure to solve its pension problem means the state will have to pay $130 million more in interest on <a href="">bonds it sold Wednesday</a>. But a new study is questioning Illinois' low debt rating.</p><p><span style="line-height: 1.5;">Illinois got an average interest rate of five percent on the $1.3 billion bond sale — and had to turn away many potential buyers.</span></p> Thu, 27 Jun 2013 12:00:00 +0000 Brian Mackey 4872 at Report Questions Illinois' Low Credit Rating