Illinois dodges downgrade to 'junk'

Illinois finally gets a budgetIllinois has just barely avoided the dishonor of becoming America’s first “junk” state.Moody’s decided on Thursday that it won’t downgrade Illinois because the cash-strapped state finally passed its first budget in more than two years. S&P Global Ratings similarly removed the threat of an imminent downgrade last week.The post Illinois dodges downgrade to 'junk' appeared first on RocketNews |Top News Stories From Around the Globe.