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S&P, Fitch and Moody's have all raised their ratings on the Garden State's general obligation bonds within the last week.
April 12 -
Fitch Ratings raised New Jersey's issuer and general obligation bond ratings just days after Moody's Investors Service upgraded its ratings on the Garden State ahead of next week's s $1.1 billion bond sale by the state Economic Development Authority.
April 11 -
Gov. Phil Murphy is behind the push for the Garden State to develop offshore wind power, ramping up from 3,500 megawatts by 2030 to 11,000 megawatts by 2040.
January 17 -
Bonds defeased include state GOs and securities from the New Jersey Building Authority and the Economic Development Authority.
February 4 -
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.
January 12 -
The new corporate tax incentive legislation includes an annual cap for a key component, in an effort not to repeat the mistakes of its predecessor program.
January 8 -
It was inevitable that muni yields would need to rise somewhat as the UST 10-year broke above 1%, however participants said the supply/demand imbalance will keep munis from rising as quickly as Treasuries. More than $1 billion inflows reported.
January 7 -
The new-issue calendar builds from almost nothing to $2.4 billion in the first week of the New Year, with deals ranging from education to taxables to social bonds on tap for investors.
December 31 -
The deal is rated BBB-plus by Fitch Ratings, Baa1 by Moody’s Investors Service and BBB by S&P Global Ratings.
December 31 -
The region's bond issuers sold $55.4 billion of municipal debt during the first half of 2020, a 21.1% increase from the same period in 2019.
August 21