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Fitch Downgrades New Jersey's Credit Rating To AA-


The ratings company said the pressure is exacerbated by New Jersey's weak economic recovery, high debt burden, limited financial flexibility and persistent structural imbalance.

Fitch revised New Jersey's outlook from negative to stable, after it had lowered its outlook in April, according to the Journal.

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About The Author


David Taintor is a news editor at Talking Points Memo. Previously, he worked at NBC News and Adweek. He's a native of Minnesota. Reach him at