KBRA Assigns Long-Term Rating of A and Stable Outlook to Various State of New Jersey General Obligation Bonds
NEW YORK--(BUSINESS WIRE)--Dec 18, 2019--
Kroll Bond Rating Agency (KBRA) assigns 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 affirms the long-term rating of A and Stable Outlook on the State of New Jersey’s outstanding General Obligation Bonds.
Lastly, KBRA affirms 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:
A report will be forthcoming.
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.
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SOURCE: Kroll Bond Rating Agency
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PUB: 12/18/2019 06:27 PM/DISC: 12/18/2019 06:27 PM