With Moody’s Watching, Illinois Plans $7 Billion of Borrowing
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Friday, July 17, 2009 |
CHICAGO — With its credit on Moody’s Investors Service watch list for a downgrade, Illinois plans to launch a roughly $7 billion borrowing spree in the coming months to raise funds for shovel-ready capital projects, pay down its bills, restructure debt, and to cover its pension payments ...
