Kirk Campaign statement on negative Illinois Bond Rating outlook from Moody’s

 

 Northbrook, IL. – The Kirk for Senate campaign today released a statement regarding last week’s decision by Moody’s Investors Service to downgrade Illinois ’ credit rating to a negative outlook.

 

“From Springfield to Washington , we need to elect fiscal conservatives who will cut spending, get our debt under control and turn our economy around,” Kirk spokesperson Kirsten Kukowski said.  “Last week’s credit warning by Moody’s Investors Service should be a major wake-up call to the citizens of Illinois that we need to change direction in November.  As our state’s treasurer, Alexi Giannoulias is akin to the first mate on the Titanic.  The last thing he deserves now is a promotion.”

 

Last week, Moody’s downgraded Illinois bonds from A1 with a stable outlook to A1 with a negative outlook.  In June, Moody’s lowered the state’s rating to A1 from Aa3 with a negative outlook.