Illinois Credit Rating Drops

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Illinois's credit rating has been lowered.

Standard and Poor has dropped the stat's rating from "A" to "A-" and says the outlook for the state is negative.

The agency says the downgrade is because of the state's pension problem, and lawmaker's lack of action to fix the issue.

Illinois has a $96 billion pension deficit.

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Illinois Credit Rating Drops - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports

Illinois Credit Rating Drops

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