the staff of the Ridgewood blog
Trenton NJ, S&P Global Ratings downgraded New Jersey’s general obligation bonds to BBB-plus from A-minus Friday afternoon based on steep revenue losses triggered by the coronavirus. Citing economic headwinds caused by the ongoing COVID-19 pandemic, the rating agency took the action ahead of the state’s planned $4 billion-plus GO sale this month, after two other agencies affirmed the state’s rating. S&P also revised the credit outlook to stable from negative.
Governor Murphy’s “Crazy Eddie” Borrowing Scheme
https://theridgewoodblog.net/governor-murphys-crazy-eddie-borrowing-scheme/
