Credit upgrade for NJ but Trenton gets a downgrade
Clip: 08/24/2022 | 1m 19s | Video has closed captioning.
Standard and Poor’s recently upgraded the outlook for New Jersey’s debt from stable to positive, saying that the state’s finances have shown a remarkable turnaround. But Moody’s has downgraded Trenton’s debt rating and issued a negative outlook, saying recently worsening governance issues are weakening the city’s credit quality.
Problems Playing Video? | Closed Captioning