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New York State Credit Rating Dropped a Notch by Moody's
Moody's lowered New York's long term debt rating by one notch to A, tying it to the mid-1970s crisis level and signaling higher interest costs. S&P also cut the state’s spring borrowing rating, while the state faces a $4.1 billion next week for aid payments amid a late $1.8 billion tax plan.
MENTIONED IN THIS ARTICLE
Moody’s
Albany
Wall Street
Moody’s Investors Service
New York City
Moody's
Standard & Poor’s
New York
S&p
Massachusetts
Louisiana
Mario Cuomo
Cuomo
George Leung