Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

Online pharmacy:fesmag.com/tem

Have you a sex problem? Please visit our site:fesmag.com/medic

Site map
 
 
 

SPRINGFIELD, Ill. (AP) - A second major rating agency is downgrading Illinois' credit worthiness.

Moody's Investors Service lowered the state's $27 billion in outstanding bonded indebtedness to A3 from A2. The new rating's three levels above junk status.

Illinois already has the worst credit rating among the states.

Fitch Ratings downgraded Illinois' credit on Monday.

Both firms blame lawmakers' lack of action on a $97 billion shortfall in its public-employee pension systems.

The Legislature adjourned its spring session without adopting a plan to make up the difference over 30 years.

Moody's says its rating "assumes the government will not take action to reduce the state's pension liabilities any time soon."

A credit-rating downgrade means it costs the state millions more to borrow money when it sells future bonds to finance long-term construction projects.

Published in Local News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Star sea lion at the St. Louis Zoo has died

Star sea lion at the St. Louis Zoo has died

  ST. LOUIS (AP) — A star sea lion at the St. Louis Zoo has died. The St. Louis Post-Dispatch reports that Bennie the sea lion died Friday. He was 11. Zoo spoke...

Ride-sharing service hits snags in St. Louis

Ride-sharing service hits snags in St. Louis

  ST. LOUIS (AP) — A smartphone app-based ride-sharing service has started service in St. Louis, ignoring a cease and desist order from the city's taxi commission. ...

Missouri Republicans outline new gun proposal

Missouri Republicans outline new gun proposal

  JEFFERSON CITY, Mo. (AP) — Missouri Republicans have outlined a new approach to prevent federal agents from enforcing gun control laws the state considers to be infri...

Documents detail another delayed GM recall

Documents detail another delayed GM recall

  DETROIT (AP) — Government documents show that General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands o...

Ferry stops service on Mississippi River

  MEYER, Ill. (AP) — A farm cooperative has shut down a ferry service that shuttled agricultural products and other goods across the Mississippi River between western I...

Pepsi franchise to open center in Cape Girardeau

Pepsi franchise to open center in Cape Girardeau

  CAPE GIRARDEAU, Mo. (AP) — A Pepsi franchise is planning to build a new customer service center in Cape Girardeau (juh-RAHR'-doh) that could create 74 jobs. The M...

Man charged in Kansas City-area highway shootings

  KANSAS CITY, Mo. (AP) — Authorities say a Kansas City-area man has been charged with 18 felony counts in connection with about a dozen recent random highway shootings...

Molina's error hurts Cardinals in 3-1 loss to Nats

  WASHINGTON (AP) -- There's a simple reason St. Louis Cardinals pitcher Michael Wacha felt comfortable putting a changeup in the ground with the bases loaded in the se...

© 2013 KTRS All Rights Reserved