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Fitch affirms, New Jersey’s bond rating,, NJ Pension Crisis, rapidly rising pension costs

Trenton_New_Jersey

BY SALVADOR RIZZO
STATE HOUSE BUREAU |
THE RECORD

After taking a look at Governor Christie’s new budget proposal, Fitch Ratings affirmed New Jersey’s “A” credit rating Thursday instead of issuing another downgrade.

But Fitch analysts warned that pension costs are rising rapidly while Christie and lawmakers are unable to find common ground on New Jersey’s biggest financial problems.

 

https://www.northjersey.com/news/fitch-affirms-new-jersey-s-bond-rating-warns-of-rapidly-rising-pension-costs-1.1529469