The Elder Statement : S&P

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Friday, June 2, 2017

S&P, Moody's Downgrade Illinois to Near Junk, Lowest Ever for a U.S. State - Bloomberg

elderstatement.com June 02, 2017 Lowest Ever for a U.S. State - Bloomberg , Moody's Downgrade Illinois to Near Junk 0 Comments

By Bloomberg, June 01, 2017

Illinois had its bond rating downgraded to one step above junk by Moody’s Investors Service and S&P Global Ratings, the lowest ranking on record for a U.S. state, as the long-running political stalemate over the budget shows no signs of ending.

S&P warned that Illinois will likely lose its investment-grade status, an unprecedented step for a state, around July 1 if leaders haven’t agreed on a budget that chips away at the government’s chronic deficits. Moody’s followed S&P’s downgrade Thursday, citing Illinois’s underfunded pensions and the record backlog of bills that are equivalent to about 40 percent of its operating budget.

Read More: https://www.bloomberg.com

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Wednesday, February 22, 2017

Dow, S&P, Nasdaq And Russell Notch New Record Highs, Up More Than 10% Since Trump

elderstatement.com February 22, 2017 DOW , Nasdaq And Russell Notch New Record Highs 0 Comments

By CNBC, Feb. 21, 2017

U.S. equities kicked off the week on the right foot, closing at record highs Tuesday following a key naming by the Trump administration and corporate earnings.

The Dow Jones industrial average rose more than 100 points, with Boeing and UnitedHealth contributing the most gains. The S&P 500 gained 0.6 percent, with real estate leading all sectors higher.

Read More: http://www.cnbc.com

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