Chicago, IL –  Today, under Bruce Rauner’s failed leadership, S&P Global Ratings downgraded Illinois bond status to one level above junk, the lowest ever for a U.S. State. Illinois is now on negative credit watch, indicating all Illinois bonds could be downgraded to junk status as early as July. In response, JB Pritzker released the following statement:

“A day after Bruce Rauner once again failed to produce a budget, the Illinois economy is already feeling the devastating impacts,” said JB Pritzker. “Under Bruce Rauner’s failed leadership, Illinois’ general obligation debt is now a step away from junk, the lowest ever for a U.S State. What we’re seeing is a state economy in shambles as state debt skyrockets and Bruce Rauner stumbles past 700 days without a budget. This will have long term ramifications for the economy of our state and it will take years to clean up Rauner’s mess. We need a governor who understands how to get results in Springfield and it is clear that Bruce Rauner will never be up to the job.”

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