New Jersey’s Rating Downgrades by Fitch and S&P
Fitch & S&P ratings moving down in tandem. What does it mean for investors? Last week, Fitch downgraded New Jersey’s General Obligation (G.O.) bond rating from “A+” to “A”. This week, S&P replicated that , downgrading the State’s G.O. bond rating to single ‘A’ as well.
Is Detroit’s Bankruptcy Staggering to the Finish Line?
The real finish line is years away and may never be reached. Will detroit ever see a normal return to bond market access? Detroit’s Bankruptcy Judge began hearings on Tuesday to judge whether they have met the requirements to exit bankruptcy.