Credit ratings agencies have taken notice of the court ruling on Friday that tossed out Illinois’ law reducing workers’ pensions. But they’re not worried enough to lower the state’s rating.
Illinois’ credit rating remains unaffected by last week’s court ruling, which found a landmark pension law to be unconstitutional. But agencies are watching.
Credit ratings are important as, the lower the rating, the more it costs the state to borrow.
It’s also an important indicator of a state’s relative fiscal health.