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Re: Good news for Jersey City from Standard & Poor's
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Just can't stay away
 
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This is a big deal and great for the city that will pay off for several years by the way of millions of dollars in financing cost savings. Too bad most people can't appreciate it.
Posted on: 2016/4/27 1:17
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Good news for Jersey City from Standard & Poor's
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Home away from home
 
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Good news for Jersey City from Standard & Poor's By JERSEY CITY — Financial analysts at Standard & Poor's have given a credit boost to Jersey City, rating $32 million in city bonds AA- and crediting the high rating to Mayor Steve Fulop's implementation of "key economic initiatives." The city's strong economy, budgetary flexibility and liquidity are some of the factors that went into the decision, announced last week by Standard & Poor's. The ratings agency's analysts deemed the credit rating stable, saying the outlook reflects their belief that the rating is unlikely to change in the next two years. "It also reflects our view of the city's strong economy, given the its continued growth and diversification that should further strength economic metrics, as well as support additional revenue growth and financial strength," the analysts said. "It also reflects the good access and benefits from the broad and diverse NYC metropolitan area." Read more: http://www.nj.com/hudson/index.ssf/20 ... ey_city_debt_from_sp.html
Posted on: 2016/4/26 17:49
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