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Fitch: Credit Focus on Pennsylvania's Budget, Not Its Budget Impasse

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NEW YORK--(BUSINESS WIRE)--Pennsylvania's budget impasse does not pose a threat to the ratings on the commonwealth's outstanding debt, according to Fitch Ratings. On Wednesday Aug. 19, the commonwealth of Pennsylvania entered its eighth week of fiscal year 2016 without a budget. Fitch remains focused on the outcome of budget negotiations, rather than the current impasse. Tax changes, pension reforms, liquor store privatization, and school funding are key issues holding up a budget resolution be

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