SPRINGFIELD – State Senator Pamela Althoff (R-McHenry) said Illinois’ credit rating took a blow last week, with Moody’s Investor Service downgrading Illinois’ credit rating and Fitch Ratings putting the state on “negative watch.” Fitch Ratings had downgraded Illinois in December from AA to AA-, so the agency’s recent action warns of another potential downgrade. Sen. Althoff says the latest downgrades make a trifecta—Standard & Poor’s also downgraded the state in March. " />
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