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April 2, 2018
The Bond Buyer

A court mandate on payroll expenses for state unions workers will add to the fiscal strains that Illinois is already facing. Moody’s was reluctant to downgrade Illinois into the speculative grading after the Illinois Supreme Court declined to hear Governor Bruce Rauner’s appeal of an appellate court decision. Brian Battle commented on the decision, the fiscal shock to the state, and the rating companies’ reluctance to downgrade Illinois further at this time.

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