NJ Gets a Bond-Rating Upgrade But the Rating Is Still the Second-Lowest and the Path Ahead Remains Difficult - Sunlight Policy Center
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NJ Gets a Bond-Rating Upgrade But the Rating Is Still the Second-Lowest and the Path Ahead Remains Difficult - Sunlight Policy Center
S&P Global upgraded New Jersey’s bond rating to A+, the latest of several upgrades from its nadir at BBB+ from 2020-22. This is good news as far as it goes, but not nearly as good as Gov. Murphy proclaimed. S&P cited improvements in the overall debt load, mainly due to the reduction in the state’s...
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