Marc Joffe

Risk Analysis
7:00 am
Thu June 27, 2013

Report Questions Illinois' Low Credit Rating

  Governor Pat Quinn says Illinois' failure to solve its pension problem means the state will have to pay $130 million more in interest on bonds it sold Wednesday. But a new study is questioning Illinois' low debt rating.

Illinois got an average interest rate of five percent on the $1.3 billion bond sale — and had to turn away many potential buyers.

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