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2 thoughts on “What Illinois’s Credit Rating Downgrade Really Means

  1. Kate

    Last year, many state budget and pension problems came to light. Do you think we’ll see more downgrades like this over the course of the year?

    1. Ben VanMetre

      That’s a good question Kate. You’re certainly right in
      saying that a lot of state budget problems came to light last year and I think this
      is something we are going to see more of in the coming few years (especially on
      the municipal level). As states continue to deal with their fiscal problems, I think
      we will learn a lot more about what they are really on the hook for in terms of
      local debt. It’s definitely going to be interesting to watch it all unfold and
      I am sure that additional state and local downgrades will be a part of the
      story.  

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