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Government Affairs

KBRA Upgrades New Jersey’s Credit Outlook to Positive 

Kroll Bond Rating Agency (KBRA) this week upgraded its outlook on New Jersey’s General Obligation Bonds from stable to positive, citing New Jersey’s continued efforts to fully fund the public pension system as well as conservative budgeting that has rebuilt the State’s surplus.  In its announcement about the outlook upgrade, KBRA said a rating upgrade may be warranted ...

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