Moody's Investors Service
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State's credit, bond ratings will continue to tumble next year, consultant says
Recent decisions by credit rating agencies to downgrade Illinois’ bond rating to near-junk status amounts to a pause before the general election after which the situation will get even worse, an industry consultant said.
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Illinois' credit rating may be cut further as unpaid bills projected to reach $14 billion
Moody's Investors Service warned Illinois this week that its lack of a budget may lead to more credit downgrades.