Wednesday, July 20, 2005

State's bond rating rises

State's bond rating rises: "After twice downgrading the state's credit rating during Gov. James E. McGreevey's tenure, Standard & Poor's, yesterday boosted the state's credit rating. S&P increased the state's credit rating for general obligation debt from AA- to AA. It increased the state's rating for debt backed by annual appropriations from AA- to A+. The improved ratings means the state should be able to save money in interest payments when it borrows money."


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