Regional News
Moody's Outlook Deals Illinois Another Credit Blow
Friday, December 14, 2012
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Moody's Investors Service revised its outlook on Illinois to negative from stable, the latest in a series of blows to the state's already-low credit due to its massive unfunded pension obligation.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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