New Jersey's bond rating takes another hit over pensions

April 17, 2015 1:57 PM

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A bond rating agency has downgraded New Jersey's rating over its pension contribution shortfall.

The new rating issued Thursday by Moody's Investor Service is the ninth time since Gov. Chris Christie took office in 2010 that a major rating agency has dropped the state government's position.

Also read: ECB’s Mario Draghi Hints at Extension of Bond Purchases

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