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Monday, August 8, 2011

Ohio upgraded by S & P while nation downgraded

  The good news is that Ohio has been upgraded by S & P from negative to stable, unlike the nation itself. Governor Kasich has put a number of measures in place to fill an $8 billion gap.
  Here is the Governor's statement on Youtube.
  One might note that this announcement was made almost a month ago on July 14, along with the warning by S & P that the nation itself was in danger of being downgraded:
Standard & Poor Ratings Services upgraded Ohio's debt rating just one day after it put the United States on "creditwatch negative" on what it calls a rising risk of policy stalemate in the debt limit negotiations.
  Of course, Ohio's credit rating could be endangered again if SB5 goes down in November, as many state and government employees would like.
  Hopefully the awareness of losing a better credit rating will buoy SB5.
  H/T Gateway Pundit

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