Combining the pandemic's long-term economic fallout with the ongoing fiscal problems Illinois faces, Moody's said Illinois is in an undesirable position for 2021, even with the beginning of a likely economic recovery. "Amid population losses and large pension liabilities, Illinois enters 2021 in a relatively unfavorable position. A broader downturn, a smaller than expected stimulus bill, or a pickup in out-migration would set the economy back," the report said.
Doesn’t sound to me like Moody’s is ready yet to make Illinois junk status. Maybe it doesn’t matter since the word is getting out about how risky it is to do business with Illinois.
maybe not junk but crap status
One doesn’t worry about junk when swimming in fecal matter.