The ‘AAA’ rating assigned to New Jersey Infrastructure Bank’s Environmental Infrastructure Bonds, Series 2025A-SW1 and 2025C-SW1, reflects the program’s robust financial structure, which is capable of withstanding hypothetical pool defaults exceeding Fitch’s ‘AAA’ liability stress hurdle, supported by a minimum annual debt service coverage of 1.4x and a net cushion of 73%, ensuring uninterrupted bond payments even with a default tolerance rate of up to 100%.
Thu 08 May, 2025