Thursday, April 07, 2011

Moody's and Fitch downgrade Kentucky's bond rating

Two major security rating houses have downgraded Kentucky's bond rating, "citing increasing costs in the state's pension systems and too much reliance on one-time money to balance the state's books."

And it comes just as Gov. Steve Beshear vetoed the cost-saving measures in a State Senate budget bill and used money from the next fiscal year to balance the budget.

Go figure.

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