Pennsylvania Outlook Cut to Negative by Moody’s on StalemateBy and
Outlook change affects $10.9 billion in general obligations
Budget dispute over tax increases, state pension funding
The outlook on Pennsylvania’s credit rating was dropped to negative from stable by Moody’s Investors Service, which cited a budget stalemate that has lasted for more than 100 days and led investors to demand higher yields to hold the state’s bonds.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.