New Jersey’s credit rating has taken a significant hit from a major Wall Street rating agency as the state is preparing to borrow more than $4 billion to sustain the budget during the coronavirus pandemic.Read the rest of this entry » Posted: November 9th, 2020 | Author: NJNewsCommons | Filed under: New Jersey | Tags: NJ Credit rating, NJSpotlight | Comments Off on In major hit to NJ’s credit rating, Wall Street agency lowers state’s bond grade
Assemblyman Declan O’Scanlon, the Republican Assembly Budget Officers responded to Democrats’ suggestion the New Jersey’s declining credit rating is solely the fault of the Christie Administration by suggesting Democratic leadership look in the mirror.
O’Scanlon cited downgrade reports from Moody’s and S&P:Art Gallagher | Filed under: Declan O'Scanlon, New Jersey, New Jersey State Budget | Tags: Assemblyman Gary Schaer, Assemblyman Troy Singleton, Declan O'Scalon, Monmouth County News, New Jersey, New Jersey Politics, NJ Budget, NJ Credit rating, NJ Legislature, NJ Pension Crisis | Comments Off on O’Scanlon: Trenton Dems to blame for NJ’s credit downgrades
New Jersey’s financial reputation took another hit yesterday, with S&P Global, one of the Big 3 Wall Street credit-rating agencies, announcing it has once again lowered the state’s debt grade by one step. The downgrade is another setback for Gov. Chris Christie, a Republican who has now suffered through more credit-rating reductions than any New Jersey… Read the rest of this entry »Posted: November 15th, 2016 | Author: admin | Filed under: New Jersey | Tags: New Jersey, NJ Credit rating, NJ Economy, S&P Global, Standard and Poors | 1 Comment »