CHICAGO – Moody’s Investors Service downgraded four of Illinois’ public universities and left intact the ratings of four others after a review of $2.6 billion of rated debt sparked late last year by the state government’s deteriorating credit.

The action late Monday ends Moody’s placement of the credits on review for a possible downgrade. The review was announced in mid-December after the agency revised its outlook on the state’ A2 general obligation rating to negative from stable.

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