Standard & Poor’s

Money

Standard & Poor’s Downgrades New Jersey’s Bond Rating To A-Plus

Standard & Poor’s announced its action Wednesday, saying the state still has a structural deficit even as the economy is improving.

04/09/2014

(credit: CBS 2)

Officials: Flooding Likely Sparked Electrical Fire In Financial District Building

Fire officials were investigating Saturday morning after a blaze broke out at a storm-damaged skyscraper in Lower Manhattan.

11/24/2012

(credit: CBS 2)

Fire Breaks Out At Financial District Building Damaged By Sandy

A fire broke out Friday morning at an office skyscraper in Lower Manhattan that was badly damaged by Superstorm Sandy.

11/23/2012

New York State Thruway Toll Plaza at Tappan Zee Bridge (file / credit: Google Maps)

S&P Downgrades NY Thruway, Warns Of Higher Tolls

Standard & Poor’s said it has reduced its outlook on bonds to finance the state Thruway Authority to negative from stable. The ratings agency also said “aggressive” toll increases may be needed.

06/13/2012

NJ Gov. Chris Christie (credit: Jessica Kourkounis/Getty Images)

Fitch Downgrades NJ Bonds; Gov. Christie Says Downgrade In Line With Moody, S&P Rating Cuts

Fitch Ratings has downgraded New Jersey’s general obligation bonds to AA- from AA.

08/18/2011

President Barack Obama (credit: Jewel Samad/AFP/Getty Images)

President Obama: Washington ‘Must Do Better’ In Addressing Debt

Administration officials privately called S&P’s analysis flawed. But Obama himself refrained from comment as he spent the weekend at Camp David.

08/06/2011

Traders work on the floor of the New York Stock Exchange. (AP Photo)

Stocks Sink After S&P Issues Warning On U.S. Debt

A warning from Standard & Poor’s that the agency might lower its rating on U.S. government debt sent stocks on their worst slide in a month Monday.

04/18/2011

Traders work on the floor of the New York Stock Exchange. (AP Photo)

Japanese Nuclear Crisis Rattles Financial Markets; Dow Has Biggest Drop Since August

Stock indexes lost 2 percent and gave up nearly all of their gains for the year Wednesday. All 10 company groups that make up the Standard & Poor’s 500 index fell.

03/16/2011