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Kroll Bond Rating Agency (KBRA)

New Jersey flag with transparent dollars
Oct 9, 2025

NJ credit outlook upgraded to positive by KBRA

Kroll Bond Rating Agency cited pension reductions, conservative budgeting and strong fiscal management under the Murphy administration in its announcement.

Finances
May 2, 2023

New Jersey receives 4th credit rating upgrade in a month

In its first boost for the state since beginning coverage in 2015, Kroll Bond Rating Agency cited the proposed record surplus and recent full pension payments.