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Illinois’ credit rating still a notch above junk status, but Fitch says state’s outlook now stable

AUGUST 1, 2019 | by Greg Bishop | THE CENTER SQUARE – ILLINOIS

“…Pritzker had wanted to make extend how long Illinois has to get its underfunded pensions up to 90 percent funded, transfer state assets to the pension funds, issue more debt to make some pension payments, and make a pension buyout plan permanent. The rating agency had concerns with all of those proposals. But after the April windfall, most of those proposals weren’t needed.”

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