カーソル ループで使用するために複数の列をフェッチするにはどうすればよいですか?

こちらは少し修正したバージョン。変更はコードの解説として記載されています。

BEGIN TRANSACTION

declare @cnt int
declare @test nvarchar(128)
-- variable to hold table name
declare @tableName nvarchar(255)
declare @cmd nvarchar(500) 
-- local means the cursor name is private to this code
-- fast_forward enables some speed optimizations
declare Tests cursor local fast_forward for
 SELECT COLUMN_NAME, TABLE_NAME
   FROM INFORMATION_SCHEMA.COLUMNS 
  WHERE COLUMN_NAME LIKE 'pct%' 
    AND TABLE_NAME LIKE 'TestData%'

open Tests
-- Instead of fetching twice, I rather set up no-exit loop
while 1 = 1
BEGIN
  -- And then fetch
  fetch next from Tests into @test, @tableName
  -- And then, if no row is fetched, exit the loop
  if @@fetch_status <> 0
  begin
     break
  end
  -- Quotename is needed if you ever use special characters
  -- in table/column names. Spaces, reserved words etc.
  -- Other changes add apostrophes at right places.
  set @cmd = N'exec sp_rename ''' 
           + quotename(@tableName) 
           + '.' 
           + quotename(@test) 
           + N''',''' 
           + RIGHT(@test,LEN(@test)-3) 
           + '_Pct''' 
           + N', ''column''' 

  print @cmd

  EXEC sp_executeSQL @cmd
END

close Tests 
deallocate Tests

ROLLBACK TRANSACTION
--COMMIT TRANSACTION