S&P downgrades N.J. credit for record 8th time in Gov. Chris Christie's tenure

N.J. Rating Cut by S&P as Christie Gets Record Downgrade - Bloomberg: "New Jersey had its credit rating cut one step by Standard & Poor’s, handing Chris Christie his eighth downgrade, the most ever for a Garden State governor.

The reduction to A, the sixth-highest level, with a stable outlook follows a Sept. 5 downgrade by Fitch Ratings. It gives New Jersey the same general-obligation grade as California, which is on track for an upgrade as revenue exceeds Democratic Governor Jerry Brown’s estimates. "

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