FOR IMMEDIATE RELEASE
Wednesday, June 8, 2017

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Chicago, IL — Today, analysts with S&P Global Ratings indicated that without a budget, the Illinois bond rating will likely be downgraded to junk status in July. This follows news earlier today that BlackRock, the world’s largest money manager, would no longer purchase Illinois bonds.In response, JB Pritzker released the following statement:

“Bruce Rauner is stumbling from crisis to crisis as Illinois families pay the price for his failed leadership,” said JB Pritzker. “Rauner ran for office attacking the previous governor for downgrades and promising a turnaround. But all we’ve gotten under Rauner’s failed leadership is eight downgrades so far and ratings agencies essentially promising that there will be more. These agencies are confirming what so many Illinois families already know: Bruce Rauner’s manufactured budget crisis has wrecked our state’s economy. S&P, Moody’s, and Illinoisans across the state have had enough. We need a real leader in Springfield who can pass a budget and clean up Rauner’s fiscal mess.”

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