Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

New Jersey Ranks First in Municipal Bond Downgrades as State Aid Dwindles

Print comment Post Comments
THE NEXT SHOE
"Bond ratings of New Jersey towns and cities are being reduced faster than in any other state as property values slide 11 percent and Governor Jon Corzine lowers municipal aid to cope with a $1 billion budget deficit," according to Bloomberg. "Moody’s Investors Service cut ratings on $592 million in general obligation debt issued by 14 municipalities since October, about four times the rate for neighboring New York, the second-most indebted state, according to data compiled by Bloomberg."
SOURCE:   Bloomberg

TICKERS