Story URL: http://news.medill.northwestern.edu/chicago/news.aspx?id=214851
Story Retrieval Date: 12/19/2013 6:31:46 AM CST
It hasn't been a happy new year for Illinois' fiscal situation.
Nov. 2012: Illinois releases FY2012 numbers that show nearly $100 billion in unfunded pension liability.
Jan. 3 – Jan 8: 97th General Assembly Session fails to reach deal on pension reform
Jan. 24: Fitch rates Illinois GO bonds as A
Jan. 25: Moody’s assigns Illinois a rating of A2 – the lowest in the nation
Jan. 25: S&P reduces Illinois’ rating from “A” to “A-“ and presents a negative outlook for Illinois’ fiscal future.
Jan. 30: Bonds sale cancelled due to an “unsettled” market.