TRENTON - The office of Gov. Chris Christie says recent actions by credit-rating agencies confirm his view that the cost of the state pension system is a long-term issue.
The state's credit rating has been downgraded nine times under Christie's watch.
In a statement issued Wednesday, the governor's administration said Fitch Ratings' recently revised outlook is recognition of Christie's management of state's finances.
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The ratings agency changed its outlook from negative to stable this week, saying near-term budget risks have abated.
Moody's had assigned a negative outlook to some state bonds, saying the rating could go down if New Jersey makes a low pension payment in 2017, among other factors.
Gov. Christie has urged unions and Democrats to work with him on pensions.
The Associated Press wire services contributed to this report.