Posted by on June 22, 2017 8:35 pm
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Categories: c3g1

BANKRUPTCY of a STATE DECLARED

Current Indicator Threat Grade
Grade MODERATE

MODERATE

Ambiguous, unsettling, or developing news is evident at this time. This indicator may evolve towards increased risk quickly.

BANKRUPTCY of a STATE DECLARED

A U.S. State begins negotiating bankruptcy.
Background on this indicator will be provided here in the near future.
News relevant to this indicator that emerges from open sources may lead to threatening conditions for the American Nation. The team at FutureDanger will provide a clear explanation of these risks as soon as possible.
Credit
Developed by FutureDanger
Primary References
    None

Full Indicator Record

Grade Date Headline Source
MOD 24 Jun 2017 Illinois could be 1st State with 'junk' credit [AP]
MOD 21 Jun 2017 Illinois Comptroller: 'State can no longer function' [Zero Hedge]
MOD 20 Jun 2017 Illinois careens into financial meltdown [Fox News]
LOW 16 Jun 2017 Could Illinois be the first State to file for bankruptcy? [CBS]
LOW 15 Jun 2017 Unable to pay bills, Illinois sends 'Dear Contractor” letter telling firms to halt road work on July 1 [Mishtalk]
LOW 12 Jun 2017 Illinois bond spreads explode as market pukes on latest batch of bad news [Zero Hedge]
LOW 03 Jun 2017 Connecticut's rich tapped out, State may resort to Puerto Rico bonds [WSJ]
MOD 01 Jun 2017 Credit Agencies cut Illinois to near junk, lowest ever rating for a US State [Zero Hedge]
MOD 01 Jun 2017 Credit Agencies cut Illinois to near junk, lowest ever rating for a US State [Zero Hedge]
LOW 26 May 2017 Connecticut credit risk soars to record high as tax receipts tumble [Zero Hedge]
LOW 07 May 2017 Puerto Rican bankruptcy a warning to Illinois [Illinois Policy]
LOW 03 May 2017 Puerto Rico declares bankruptcy [NYT]
LOW 27 Mar 2017 NJ credit rating cut for 11th time... [Yahoo]
LOW 02 Mar 2017 NJ pension debt soared to $49B last year [NJ.com]

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