New Jersey

Moody's said the upgrade reflects continuing strong revenue and liquidity trends, completion of a debt-reduction program and increased pension contributions.

Credit strengths include strong market position and service area economic fundamentals and an expected continued strong finance performance.

Bonds defeased include state GOs and securities from the New Jersey Building Authority and the Economic Development Authority.

Moody’s also assigned an A1 to the authority's $950 million of forward delivery refunding bonds.

The agency cited “the appropriation of the full actuarial pension contribution in fiscal 2022 for the first time in 26 years" coupled with improved reserves.

The window of opportunity is open thanks to new projects, new state and city leadership, emerging projects and better systems to benefit travelers.

The agreement will move along the Penn Station Access commuter rail undertaking and East River tunnel fix-ups.

The port's operating revenue will continue to recover, enabling it to return to a total net revenue debt service coverage ratio of 1.75 times by 2023, the rating agency said.

Gov. Phil Murphy’s narrow re-election win and Senate President Steve Sweeney’s stunning loss to an unknown resonate well beyond the Garden State.

New York, New Jersey and Connecticut finally come to terms on splitting up emergency funding.

New York City got a new mayor, comptroller and City Council while Boston and Pittsburgh elected mayors. In New Jersey, final results in the gubernatorial election were still too close to call.

Its deep water and access to dollars position it well, a climate expert said.

New York, New Jersey and Connecticut are at odds over how to split COVID relief money and the federal government won't step in.

New York's governor leaned on the Port Authority to pause the LaGuardia project amid wider debate about regional infrastructure.

The firm’s distribution capabilities across major and mid-size institutional accounts, professionally managed retail accounts, and high net worth individual accounts is a throwback to founder Archibald Bullock Roosevelt’s vision.

A $430 million collaborative transaction featured the university, two asset management firms, and the New Jersey Educational Facilities Authority.

Bond ratings and other positive news of late could merely paper over warning signs of another fiscal cliff.

The weirdness of this storm adds yet another layer of complexity to the vexing problem of coping with climate change.

The drenching of several regions exposed vulnerabilities that vary by state, and recurring problems that could jeopardize municipal credit.

Issuers sold nearly $60 billion of debt as states, cities and agencies adjusted to the COVID-19 environment and other variables.