CHICAGO — Moody’s Investors Service Friday downgraded Illinois’s general obligation debt to A1 from Aa3, saying infighting among the state’s leaders has led to ongoing budget delays, erosion of finances, and a severe pension funding gap.

The downgrade comes a week after Illinois lawmakers completed a $52 billion fiscal 2011 budget that relies heavily on one-time maneuvers to chip away at a $13 billion deficit, and as officials plan to come to market with several deals over the next few months.

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