Angry New Yorker

Saturday, May 17, 2003
 
BIG 'NEGATIVE' FOR N.Y. By FREDRIC U. DICKER

"May 17, 2003 -- ALBANY - A day after tax-and-spend lawmakers overrode Gov. Pataki's budget vetoes, Standard & Poor's lowered its outlook for New York state bonds from "stable" to "negative." The influential Wall Street rating agency's move yesterday could lead to a costly downgrading of the state's bond rating, which Pataki aides expect will follow from the state Legislature's action. * * * *
New York joins 12 other states given "negative" outlooks by S&P: Arizona, Colorado, Kansas, Connecticut, Indiana, Maine, Michigan, Illinois, Ohio, Tennessee, Washington and Oregon." [more]


Comments: Post a Comment


This page is powered by Blogger. Isn't yours?