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O’Scanlon: Trenton Dems to blame for NJ’s credit downgrades

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:

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Posted: May 3rd, 2017 | Author: | Filed under: Declan O'Scanlon, New Jersey, New Jersey State Budget | Tags: , , , , , , , , , | Comments Off on O’Scanlon: Trenton Dems to blame for NJ’s credit downgrades

S&P Global Downgrades NJ’s Credit Rating Again

1739New 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: | Filed under: New Jersey | Tags: , , , , | 1 Comment »

N.J. credit rating cut record ninth time as Moody’s cites pension shortfall

IMG_5189TRENTON — Moody’s Investors Service has downgraded New Jersey’s debt rating, dealing the Garden State its record ninth ratings cut since Gov. Chris Christie took office. The ratings drop by one notch, from A1 to A2, on $32.2 billion worth of bonds underscores the state’s “weak financial position and large structural imbalance, primarily related to continued… Read the rest of this entry »

Posted: April 17th, 2015 | Author: | Filed under: 2016 Presidential Politics, Chris Christie, Economy, Moodys, New Jersey State Budget | Tags: , , , , , | 1 Comment »