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Bye Bye 2012: Christie Causes outstanding bond rating downgrade

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DainBramaged Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-17-11 03:58 PM
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Bye Bye 2012: Christie Causes outstanding bond rating downgrade
Fitch Ratings downgrades the State of New Jersey's outstanding general obligation (GO) bonds to 'AA-' from 'AA'.

Fitch also downgrades to 'AA-' from 'AA' the rating on the Garden State Preservation Trust's open space revenue bonds.

Additionally, Fitch downgrades to 'A+' from 'AA-' the ratings on the state's appropriation-backed debt and other related debt, which is detailed at the end of this release.

The Rating Outlook for all affected bonds is revised to Stable from Negative.

http://www.businesswire.com/news/home/20110817006428/en/Fitch-Downgrades-Jerseys-GOs-AA--Outlook-Revised
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-17-11 04:08 PM
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1. Suddenly the bond rating agencies are getting on the stick, NOW?
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