S&P revises Pennsylvania's outlook to negative from stable
July 19 |
July 19 (Reuters) - Standard & Poor's Ratings Services changed its outlook to negative from stable for Pennsylvania's general obligation debt on Thursday.
The credit rating agency said it revised its outlook because of growing spending pressures, in particular for public pensions, and a slow-growing state economy.
S&P affirmed the AA credit rating on the state's GO debt.
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