FOR IMMEDIATE RELEASE
Monday, June 5, 2017

CONTACT:
[email protected]

Chicago, IL – Just days after Moody’s and S&P downgraded Illinois’ credit rating to a notch above junk, Comptroller Susana Mendoza says that the credit rating is so low, state rules would prevent the state from purchasing its own bonds. JB Pritzker released the following statement in response:

“Illinois now has the lowest credit rating in not only the history of our state, but the history of any state. Bruce Rauner’s failed leadership is stunning and it will take Illinois years to recover,” said JB Pritzker. “The bill backlog has more than tripled, billions in deficit spending is taking place, and borrowing gets more expensive with every downgrade. Illinois taxpayers are on the hook for Rauner’s incompetence and they can’t afford more of the same. It’s time to send a leader to Springfield who can clean up Rauner’s fiscal mess and get our state back on track.”

###