Moody's Sends N.J. Bad News: Stable Rating Goes Negative

Braun, Martin Z.
December 2001
Bond Buyer;12/12/2001, Vol. 338 Issue 31283, p1
Trade Publication
Reports on the impact of negative rating of New Jersey's general obligations and appropriation-backed debt by rating agency Moody's Investors Service on economy of the state. Reason behind the agency's decision to lower the ratings; Potential budget gap in the state for fiscal 2003 budget; Predictions for revenue shortfall in the state.


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