IL, The Poorest Of All 50 St.
- Mr. Ashley Thomas, EA
- Aug 6, 2020
- 1 min read
Updated: Oct 9, 2020
The St. of IL is projected to have a $3.4 billion fiscal deficit on February 2020; however, this was before any Coronavirus concerns! Previously, the deficit was $15.3 billion.
IL, downgraded from a BBB credit rating of stable to a BBB- negative credit rating on Coronavirus concerns! www.fitchratings.com
IL has the lowest credit rating of all 50 states!
IL was just lowered to one step above junk bond status! *Junk bond - a high yield bond rated below investment grade with a higher risk of default.
IL is the most fiscally unstable state of all fifty!
Know that your states financial condition will affect yours as consumers & as business owners!
Sincerely,
Comments