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KBRA Releases Rating Report Assigning A- Rating and Stable Outlook to NJTTFA Transportation Program Bonds, 2019 Series AAOn January 4, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of A- and Stable Outlook to the New Jersey Transportation Trust Fund Authority's (NJTTFA) Transportation Program Bonds, 2019 Series AA. KBRA additionally affirmed the long-term rating of A and Stable Outlook on the State of New Jersey's General Obligation Bonds. Lastly, KBRA affirmed the long-term rating of A- and Stable Outlook on the following New Jersey Economic Development Authority (NJEDA) and New Jersey Educational Facilities Authority (NJEFA) bonds:
The rating on the State's General Obligation Bonds is based on KBRA's U.S. State General Obligation Rating Methodology. The ratings on the specified NJTTFA, NJEDA, and NJEFA bonds are based on the State's long-term general obligation rating and an evaluation of the factors discussed in KBRA's U.S. State Annual Appropriation Obligation Rating Methodology and are rated one notch below the State's general obligation bonds. To read the full report, click here.
Connect with KBRA 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, is 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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