A continuation of the analysis of the current situation in Illinois by WirePoints:
6. Nation’s worst rating. By 2010, Illinois’ credit rating was already the worst in the nation according to Moody’s. And in 2013, S&P declared Illinois was on a “credit precipice” due to lack of pension reform. Illinois’ S&P rating – also the nation’s worst – was lower than California’s, New Jersey’s and Connecticut’s – all famous for their fiscal problems. In contrast, Indiana, Missouri and Iowa were all AAA-rated. Illinois was on its path toward junk way before 2015.