KBRA Releases Rating Report for NJTTFA Transportation Program Bonds 2024 Series AA (Tax-Exempt) and 2024 Series BB (Federally Taxable); Affirms Ratings for New Jersey GO and Related Appropriation Credits

14 Aug 2024 | New York

On August 13, 2024, KBRA assigned long-term rating of A to the New Jersey Transportation Trust Fund Authority (NJTTFA) Transportation Program Bonds, 2024 Series AA (Tax-Exempt) and Transportation Program Bonds, 2024 Series BB (Federally Taxable).

KBRA additionally affirmed the long-term rating of A+ for the State of New Jersey's General Obligation Bonds.

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

The rating Outlook for each rated obligation is Stable.

To access rating and relevant documents, click here.

Click here to view the report.