[September 13, 2019] |
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KBRA Releases Rating Report Assigning A- Rating and Stable Outlook to NJTTFA Transportation Program Bonds and Notes
On September 11, 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):
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Transportation Program Notes (Fixed Rate), 2014 Series BB-1
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Transportation Program Bonds, 2019 Series
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 NJTTFA, New Jersey Economic Development Authority (NJEDA), and New Jersey Educational Facilities Authority (NJEFA) bonds:
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NJTTFA Transportation Program Bonds, 2019 Series AA
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NJEDA State Lease Revenue Bonds (State Government Buildings - Health Department and Taxation Division Office Project), 2018 Series A;
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NJEDA State Lease Revenue Bonds (State Government Buildings - Health Department, Taxation Division Office and Juvenile Justice Commission Facilities Projects), 2018 Series B (Federally Taxable);
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NJEDA State Lease Revenue Bonds (State Government Buildings - Juvenile Justice Commission Facilities Project), 2018 Series C;
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NJEDA State Lease Revenue Refunding Bonds (Liberty State Park Project), 2015 Series A;
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NJEFA Revenue Bonds, Higher Education Capital Improvement Fund Issues.
Issuer: New Jersey Transportation Trust Fund Authority
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Assigned
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Rating
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Outlook
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Transportation Program Notes (Fixed Rate), 2014 Series BB-1
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A-
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Stable
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Transportation Program Bonds, 2019 Series BB
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A-
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Stable
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Affirmed
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Rating
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Outlook
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Transportation Program Bonds, 2019 Series AA
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A-
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Stable
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Issuer: State of New Jersey
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Affirmed
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Rating
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Outlook
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General Obligation Bonds
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A
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Stable
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New Jersey Economic Development Authority
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Affirmed
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Ratings
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Outlook
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State Lease Revenue Bonds
(State Government Buildings - Health Department and Taxation Division Office Project), 2018 Series A
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A-
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Stable
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State Lease Revenue Bonds
(State Government Buildings - Health Department, Taxation Division Office and Juvenile Justice Commission Facilities Projects), 2018 Series B (Federally Taxable)
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A-
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Stable
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State Lease Revenue Bonds
(State Government Buildings - Juvenile Justice Commission Facilities Project), 2018 Series C
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A-
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Stable
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State Lease Revenue
Refunding Bonds (Liberty State Park Project), 2015 Series A
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A-
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Stable
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Issuer: New Jersey Educational Facilities Authority
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Affirmed
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Rating
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Outlook
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Revenue Bonds, Higher Education Capital Improvement Fund Issues
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A-
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Stable
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To access the report, click here.
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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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190913005484/en/
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