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New York

hrmjustin

(71,265 posts) Fri Jun 20, 2014, 08:51 PM Jun 2014

Fitch Upgrades New York To AA+

Nick Reisman

It’s time for more cake on the second floor.

The credit rating service Fitch on Friday upgraded New York’s bond rating from AA to AA+, citing improved budget management practices as well limited growth in state spending.

“The state stays abreast of changing conditions through comprehensive quarterly updates of a four-year financial plan,” Fitch found.

Cuomo has pushed for and won budgets over the last several years that have kept spending under 2 percent increases.

http://www.nystateofpolitics.com/2014/06/fitch-upgrades-new-york-to-aa/