Fitch Ratings Not Concerned About Pension Delay

Fitch Ratings Not Concerned About Pension Delay

Photo: Newsradio WTAX

A major credit-rating house says a hold on a lawsuit involving Illinois’ pension overhaul is not cause for concern.

Fitch Ratings says experts expected a strong legal challenge to the overhaul that became law last fall. And it pointed out that no one is counting on savings from the bill any time soon.

Fitch rates Illinois’ credit as the lowest of any state in the nation. It says the pension overhaul is positive but Illinois’ constitutional pension-benefit protections are strong.

Recent Headlines

in Local

McMenamin Not Pleased with CWLP Plan


The Springfield City Council will vote Tuesday on a rate restructuring plan for City Water Light and Power to shore up the electric fund's debt.

in Local

Durbin: More Gun Control, Please


Dick Durbin is sounding a familiar tune.

in Local

Peorian Selected to Replace Peorian in Illinois Senate


Chuck Weaver is the man tapped by a committee made up of Republicans to replace Darin LaHood in Springfield

in Local

AAA: Springfield Enjoys Lowest Average Gas Prices in Illinois


The Pain at the Pump is less painful these days.

in Local

Illinois Schools Prepare for New Rating System

school test

The system will grade the schools and districts much like students taking a traditional classroom test are graded.