Governor Scott Walker's response to it. The timing on this is perfect, after the reception he got at the convention last night. The illinois way is the way Wisconsin libs wanted to do it:

Governor Walker Statement on Illinois Bond Rating

Madison—Today, Standard & Poors (S&P) downgraded Illinois’ bond rating and gave the state a “negative outlook” in the future.  S&P stated one of the reasons for the downgrade was a “lack of action on reform measures.”

Last year, Moody’s rated Wisconsin’s budget as credit positive. 

Governor Walker released the following statement reacting to the S&P’s downgrade:

There could not be a more stark contrast between Wisconsin and Illinois. 

Political leaders in Illinois kicked the can down the road, raised taxes, and ignored fiscal realities.  Now, they’re realizing the consequences of their actions: credit downgrades and negative outlooks. 

Wisconsin balanced a $3.6 billion budget deficit without raising taxes, reducing services, cutting Medicaid, or engaging in any massive public employee layoffs.  We enacted long-term structural reforms, which led to another bond house giving our current budget a “credit positive” outlook.