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S&P upgrades Saint Peter’s hospital’s credit rating to BBB+
In addition to the boost, the agency noted a stable outlook, citing strong margins, solid debt coverage and steady cash flow.
Moody’s upgrades NJ credit rating to Aa3
The agency cited strong surpluses, full pension payments and reduced debt under the current administration.
S&P Global boosts NJ bond rating to A+ (updated)
Marking the eighth upgrade under the Murphy administration, the agency cited stronger reserves and reduced liabilities in its latest report.
S&P affirms Seton Hall credit rating with stable outlook
The global ratings agency citing solid finances and leadership under Monsignor Joseph Reilly, strong enrollment and fundraising progress in its latest assessment.
A+ credit rating highlights Cooper Health’s strong growth
The latest upgrade from S&P brings the system to its highest-ever credit rating, citing strong financials, market expansion and experienced leadership.
Kean University’s ratings affirmed by 2 agencies
Over a 10-year period through fiscal year 2023, the higher education institution has reduced its outstanding debt by more than $97 million.
New Jersey receives 3rd credit rating upgrade in under a week
"We’ve worked hard since day one to change the narrative in Trenton from one of financial distress to one of fiscal responsibility and that work shows in these upgrades," said Gov. Phil Murphy.
S&P Global raises NJIT’s credit outlook
Citing enrollment trends and improved financial performance, the positive news comes amid broad growth at the school.
After 2020 downgrade, ratings agency raises fiscal outlook for NJ
Added surplus revenues for the state and the decision by the Murphy administration to fully fund the state’s yearly pension bill for the first time in decades were cited as reasons for the optimistic outlook.
