KBRA Affirms State of New Jersey General Obligation Bonds Rating of A and Stable Outlook.

Kroll Bond Rating Agency (KBRA) has affirmed the long-term rating of A and Stable Outlook on the State of New Jersey’s General Obligation Bonds. Additionally, KBRA has affirmed the long-term rating of A- and Stable Outlook on the New Jersey Educational Facilities Authority’s (NJEFA) Revenue Bonds, Higher Education Capital Improvement Fund Issue and New Jersey Economic Development Authority’s (NJEDA) State Lease Revenue Refunding Bonds (Liberty State Park Project), 2015 Series. KBRA’s long-term ratings do not apply to bonds backed by a letter of credit or liquidity facility, unless otherwise noted.

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