Bond sale to pay overdue bills may aid Illinois' credit rating: S&P

CHICAGO (Reuters) - The sale of up to $6 billion of bonds by Illinois to shrink its enormous unpaid bill backlog, an action the governor has yet to take, could protect the state from a credit rating downgrade to junk, S&P Global Ratings said on Tuesday.

from Reuters: U.S. http://ift.tt/2wkJymk