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the staff of the Ridgewood blog
Trenton NJ, The New Jersey Department of the Treasury today priced the General Obligation bonds authorized under the COVID-19 Emergency Borrowing Act one day earlier than anticipated due to the amount of interest the State had received.
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/
