Bond Sale Good Timing For Illinois
By Dan WeissmannBond Sale Good Timing For Illinois
By Dan Weissmann
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When you’ve got no budget, and the worst credit rating of any state, that sounds like bad timing to borrow 550 million dollars for infrastructure. But in another way, yesterday’s bond sale was good timing for Illinois. Analysts say demand from the bond market mitigated the damage from the state’s lousy credit rating.