BRIEF-S&P lowers Western Illinois University debt ratings three notches to 'BB-'
April 20 S&P Global Ratings:
* Says Western Illinois University debt ratings lowered three notches to 'BB-' on state budget uncertainty; on watch neg
* Says lowered long-term rating, underlying rating 3 notches on Western Illinois University board of trustees' series 2010, 2012, 2016 AFS revenue bonds, issued for WIU
* Says also lowered its SPUR to 'BB-' from 'BBB-' on the Western Illinois University's series 2010 and 2015 certificates of participation
* Says placed all of Western Illinois University debt ratings on creditwatch with negative implications
* Says Western Illinois University debt ratings downgrade, creditwatch status reflect belief that state may fail to pass fiscal 2017 budget by end of may Source text: bit.ly/2o9lZt6