Moodys revises Illinois credit outlook to negative
CHICAGO (AP) — Moody's Investors Services has revised Illinois' credit outlook from stable to negative, citing the state's pension funding shortfall and money management practices.
Illinois Treasurer Dan Rutherford said Friday the move will affect taxpayers.
"What this outlook means is if we do not act then they will continue to take us down," Rutherford said on a conference call with reporters. "The thing I want to make real clear is this does have impact on the taxpayers of Illinois."
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