KBRA Releases Rating Report Upgrading State of New Jersey General Obligation Bonds to AA- and Appropriation Bonds to A+; Assigning A+ Rating to NJTTFA Transportation Program Bonds, 2026 Series AA and 2026 Series BB

On September 2, 2026, KBRA upgraded the State of New Jersey's General Obligation Bonds to AA-, from A+. KBRA additionally upgraded the following State of New Jersey annual appropriation bonds to A+, from A: New Jersey Transportation Trust Fund Authority Transportation Program Bonds; New Jersey Transportation Trust Fund Authority Transportation Program Notes (Fixed Rate); New Jersey Economic Development Authority Lease Revenue Bonds; and, New Jersey Educational Facilities Authority Revenue Bonds, Higher Education Capital Improvement Fund Issues.

Additionally, KBRA assigned a long-term rating of A+ to the New Jersey Transportation Trust Fund Authority Transportation Program Bonds, 2026 Series AA and Transportation Program Bonds, 2026 Series BB.

The rating Outlook for each rated obligation is Stable.

To access ratings and relevant documents, click here.

Click here to view the report.