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Tag: "downgrade"

Moody's Downgrades Pennsylvania

Moody’s Downgrades Pennsylvania

With Harrisburg already bankrupt and Scranton on the verge, Moody’s has decided to downgrade the state’s credit rating from Aa1 to Aa2. Citing unfunded pension liabilities, high debt and slow to moderate growth the rating agency also changed it’s outlook for Pennsylvania from negative to stable. On the upside, Moody’s says that the Government has […]

Obamageddon Credit Rating

Debt and our failing economy

Is the country being led astray once again by those on the Hill that appear to be doing business as usual? The words deficit and downgrade and debt-ceiling almost seem to be synonymous with one another when nothing could be further then the truth. Yet both sides think they are right; they have resorted to […]