- Citing a "sizable structural imbalance" within the budget, S&P cuts the rating on New Jersey's general obligation debt to A+ from AA-. Acknowledging an improving economy in the state, S&P says it won't be enough to offset potential unfunded liabilities.
- "By using bullish assumptions about revenue growth and one-time measures to close budget gaps, the state defers making long-term structural changes to better align revenues and expenditures, defers budgetary pressures to future years' budgets and increases its exposure to an eventual economic downturn."
- ETFs: MUB, PZA, MUNI, TFI, ITM, MLN, SHM, XMPT, PRB, SUB, SMB, PVI, SMMU, MUAF, VRD, MUAD, MUAE, MUAG, MUAC, MUAH, RVNU, GMMB
From other sites
at Nasdaq.com (Jan 30, 2015)
at CNBC.com (Jan 6, 2015)
at CNBC.com (Dec 24, 2014)
at CNBC.com (Jul 25, 2014)
at MarketWatch.com (Jan 6, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
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ETF Selector: An explanation of how to select and use ETFs