S&P puts Illinois rating on watch list for possible downgrade CHICAGO, May 8- Standard& Poor's Ratings Services put Illinois' A-minus credit rating on a watch list on Friday for a possible downgrade after the state supreme court voided a law aimed at easing the state's huge public pension liability. The credit rating agency said it has a three-month window in which it will focus on the upcoming fiscal 2016 Illinois budget.
S&P says one-in-three chance of Turkey downgrade in next 12 months ISTANBUL, May 8- Standard& Poor's said on Friday there was a one-in-three chance it could downgrade Turkey's sovereign rating in as little as six months, citing growing concerns about central bank independence. S&P cut the lira's local currency rating to "BBB-/A-3" from "BBB/A-2". "There is at least a one-in-three likelihood that we could downgrade Turkey within...