KNOCKED DOWN: Moody’s downgraded Pennsylvania’s bond rating Monday, citing pension liabilities and a budget filled with non-recurring revenues as reasons.

Budget blues: Moody’s downgrades Pennsylvania’s bond rating

By Watchdog.org - Andrew Staub—— Bio and Archives--July 22, 2014

American Politics, News | Comments | Back To Full Article

That didn’t take long. Just weeks after Pennsylvania lawmakers passed a patchwork budget and skipped town without addressing pension reform, Moody’s has downgraded Pennsylvania’s general obligation bond rating. It dropped the state fom Aa2 — its third-highest rating — to Aa3.

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