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KBRA Releases Report Assigning Long-Term Rating of A and Stable Outlook to Various State of New Jersey General Obligation Bonds

December 20, 2019 GMT

NEW YORK--(BUSINESS WIRE)--Dec 20, 2019--

On December 18, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of A and Stable Outlook to the following State of New Jersey bonds:

General Obligation Bonds (Tax-Exempt) consisting of:

General Obligation Bonds (Federally Taxable) consisting of:

KBRA additionally affirmed the long-term rating of A and Stable Outlook on the State of New Jersey’s outstanding General Obligation Bonds.

Lastly, KBRA affirmed the long-term rating of A- and Stable Outlook on the following New Jersey Economic Development Authority (NJEDA), New Jersey Educational Facilities Authority (NJEFA), and New Jersey Transportation Trust Fund Authority (NJTTFA) bonds:

To access the rating report, click here.

Related Publications: (available at www.kbra.com )

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191220005583/en/

CONTACT: Analytical: Paul Kwiatkoski, Managing Director

(646) 731-2387

pkwiatkoski@kbra.com Patricia Mcguigan, Senior Director

(646) 731-2325

pmcguigan@kbra.com Peter Scherer, Associate

(343) 731-2325

pscherer@kbra.com Business Development:Bill Baneky, Managing Director

(646) 731-2409

bbankey@kbra.com James Kissane, Senior Director

(213) 806-0026

jkissane@kbra.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2019.

PUB: 12/20/2019 06:30 PM/DISC: 12/20/2019 06:30 PM

http://www.businesswire.com/news/home/20191220005583/en