Treasurer McCord: Bond Rating Drop Another Sign of Bad Corbett Economy

Administration policies are failing to address Pennsylvania fiscal problemsHarrisburg – State Treasurer Rob McCord made the following comments today regarding Fitch’s downgrade of Pennsylvania general obligation bonds: “The downgrade of Pennsylvania’s bond rating today by Fitch is one more indicator of the failure of Corbett administration economic policies. “In dropping the state from AA-plus to an AA rating for general obligation bonds Tuesday, Fitch cited the unfunded liability of the state’s two major pension systems, the structural imbalance of the budget, and the lack of