Press Release|Public Finance
KBRA Releases Rating Report for State of New Jersey GO, NJTTFA, and Related State Appropriation Bonds
7 Oct 2025 | New York
On October 6, 2025, KBRA affirmed the long-term rating of A+ for the State of New Jersey's General Obligation Bonds and revised the rating outlook to Positive, from Stable, for the State's General Obligation Bonds and related State Appropriation Bonds.
KBRA additionally assigned a long-term rating of A to the New Jersey Transportation Trust Fund Authority (NJTTFA) Transportation Program Bonds, 2025 Series AA.
Lastly, KBRA affirmed the long-term rating of A for the following bonds:
New Jersey Transportation Trust Fund Authority
- Transportation Program Bonds
- Transportation Program Notes (Fixed Rate)
New Jersey Economic Development Authority (NJEDA)
- Lease Revenue Bonds
New Jersey Education Facilities Authority (NJEFA)
- Revenue Bonds, Higher Education Capital Improvement Fund Issues
To access ratings and relevant documents, click here.
Click here to view the report.