Moody’s Downgrades New Jersey’s Bond Rating
Thursday, May 15, 2014 12:52 am |
< 1 Minute Read
For the third time since April, a bond rating agency has downgraded New Jersey’s bonds, The Associated Press reported. Moody’s is now rating the state’s debt at A1 rather than Aa3, meaning it considers the state a low risk of defaulting rather than a very low risk. The move follows downgrades by Fitch and Standard & Poor’s in April.
This article appeared in print on page 5 of edition of Hamodia.
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