credit rating http://news.stlpublicradio.org en Credit Rating Agencies Express Concern Over Missouri Income Tax Bill http://news.stlpublicradio.org/post/credit-rating-agencies-express-concern-over-missouri-income-tax-bill <p>Credit rating agencies warn that allowing a Missouri income tax bill to become law could have a negative impact on the state's credit rating.</p><p>“We believe that if the Missouri legislature overrides the governor’s veto and enacts the legislation, and the federal government passes the Marketplace Fairness Act, it has the potential to result in a significant financial impact to the state, despite requirements for the maintenance of a balanced budget," Standard &amp; Poor's wrote.</p> Mon, 29 Jul 2013 21:35:24 +0000 Chris McDaniel 28639 at http://news.stlpublicradio.org Credit Rating Agencies Express Concern Over Missouri Income Tax Bill McCaskill Holds Hearing On 'Kafkaesque' Credit Report System http://news.stlpublicradio.org/post/mccaskill-holds-hearing-kafkaesque-credit-report-system <p><span style="line-height: 1.5;">Millions of consumers have an error on their credit report. In response, Democratic Senator Claire </span>McCaskill<span style="line-height: 1.5;"> of Missouri held a hearing Tuesday on the consumer report industry.</span></p><p><span style="line-height: 1.5;">One out of every five consumers has an error on at least one of their major credit reports, according to a study released a few months ago by the Federal Trade Commission. Those errors can cause consumers to pay more or be denied credit or housing.</span></p> Tue, 07 May 2013 22:22:20 +0000 Chris McDaniel 26173 at http://news.stlpublicradio.org McCaskill Holds Hearing On 'Kafkaesque' Credit Report System Possible credit rating downgrade looms for Illinois over pension issues http://news.stlpublicradio.org/post/possible-credit-rating-downgrade-looms-illinois-over-pension-issues <p>A failed special session that was supposed to lead to the passage of pension reform has pushed Illinois closer to a downgrade of its credit rating.</p><p>Gov. Pat Quinn <a href="http://news.stlpublicradio.org/post/session-ill-pension-reform-will-be-aug-17">ordered lawmakers</a> back to Springfield last Friday to deal with the state's massively underfunded pension systems, but the chambers <a href="http://www.reuters.com/article/2012/08/18/us-illinois-pensions-idUSBRE87G0CY20120818">could not agree</a> on a deal.</p> Thu, 23 Aug 2012 18:41:20 +0000 The Associated Press 4390 at http://news.stlpublicradio.org Possible credit rating downgrade looms for Illinois over pension issues Moody's lowers Illinois credit rating; now lowest in America http://news.stlpublicradio.org/post/moodys-lowers-illinois-credit-rating-now-lowest-america <p>Illinois has been given the lowest credit rating of any state in America by Moody&#39;s Investors Service.</p><p>Moody&#39;s lowered Illinois&#39; rating Friday by another notch, to A2. No other state has such a low rating from Moody&#39;s. Only one other state, California, even gets the next-highest rating.</p><p>A lower rating generally means the state has to pay more interest when it sells bonds. That increases costs to taxpayers.</p> Fri, 06 Jan 2012 22:29:44 +0000 The Associated Press 2812 at http://news.stlpublicradio.org Moody's lowers Illinois credit rating; now lowest in America