News Column

New York State Comptroller Thomas P. DiNapoli Statement on Fitch Ratings' Upgrade of NYS General Obligation Bonds

June 20, 2014

ALBANY, N.Y., June 20 -- The New York State Comptroller Thomas P. DiNapoli issued the following statement:

"New York state is in its strongest financial condition in years, and today's upgrade by Fitch Ratings, following a similar upgrade by Moody's Investors Service, is the latest indication of that improvement. While further steps to achieve structural budget balance are essential, I applaud the progress the Governor and the Legislature and our well-funded pension plan have made to strengthen the state's cash position and reduce projected budget gaps."

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Source: Targeted News Service

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