fbpx

KBRA Releases Rating Report Assigning A- Rating and Stable Outlook to NJTTFA Transportation Program Bonds and Notes

NEW YORK–(BUSINESS WIRE)–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):

  • Transportation Program Notes (Fixed Rate), 2014 Series BB-1
  • 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:

  • NJTTFA Transportation Program Bonds, 2019 Series AA
  • NJEDA State Lease Revenue Bonds (State Government Buildings – Health Department and Taxation Division Office Project), 2018 Series A;
  • NJEDA State Lease Revenue Bonds (State Government Buildings – Health Department, Taxation Division Office and Juvenile Justice Commission Facilities Projects), 2018 Series B (Federally Taxable);
  • NJEDA State Lease Revenue Bonds (State Government Buildings – Juvenile Justice Commission Facilities Project), 2018 Series C;
  • NJEDA State Lease Revenue Refunding Bonds (Liberty State Park Project), 2015 Series A;
  • NJEFA Revenue Bonds, Higher Education Capital Improvement Fund Issues.

Issuer: New Jersey Transportation Trust Fund Authority

Assigned

Rating

Outlook

Transportation Program Notes (Fixed Rate), 2014 Series BB-1

A-

Stable

Transportation Program Bonds, 2019 Series BB

A-

Stable

Affirmed

Rating

Outlook

Transportation Program Bonds, 2019 Series AA

A-

Stable

Issuer: State of New Jersey

Affirmed

Rating

Outlook

General Obligation Bonds

A

Stable

New Jersey Economic Development Authority

Affirmed

Ratings

Outlook

State Lease Revenue Bonds

(State Government Buildings – Health Department and Taxation Division Office Project), 2018 Series A

A-

Stable

State Lease Revenue Bonds

(State Government Buildings – Health Department, Taxation Division Office and Juvenile Justice Commission Facilities Projects), 2018 Series B (Federally Taxable)

A-

Stable

State Lease Revenue Bonds

(State Government Buildings – Juvenile Justice Commission Facilities Project), 2018 Series C

A-

Stable

State Lease Revenue

Refunding Bonds (Liberty State Park Project), 2015 Series A

A-

Stable

Issuer: New Jersey Educational Facilities Authority

Affirmed

Rating

Outlook

Revenue Bonds, Higher Education Capital Improvement Fund Issues

A-

Stable

To access the report, click here.

CONNECT WITH KBRA

Twitter

LinkedIn

Download the iOS App

YouTube

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.

Contacts

Analytical Contacts:

Paul Kwiatkoski, Managing Director

(646) 731-2387

[email protected]

Peter Scherer, Associate

(646) 731-2325

[email protected]

leverton

Content is the most important part of having quality links to your website. With Area-Info.net, we provide a quality location to share your story and include links to your website to help you grow. If you would like to learn more, visit this page to see how you can use Area-Info.net to rank higher and quicker in search engines. Contact me directly at [email protected] with any questions, or to schedule speaking engagements.

You May Also Like