There's A New Worst-Rated State In The Nation

S&P has downgraded Illinois to A- with a negative outlook after the state’s legislature failed to take meaningful action on reforming municipal pension woes, the Chicago Sun-Times reports.

At A-, Illinois now has the distinction of having the lowest credit rating among all states, surpassing California.

Here’s the ranking as of last July, via Pew:

state ratings

Photo: Pew

SEE MORE: Twelve States Where Homeowners Remain Deep Underwater >

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