穆迪将新泽西州前景修正为积极;确认A1发行人、GO评级

2024-08-15 02:29

Moody's Ratings revised the State of New Jersey's outlook to positive from stable, reflecting its "strong economic and revenue performance that will allow the state to narrow its structural gap and retain substantial budgetary reserves while maintaining full actuarial pension contributions in fiscal 2026."
Meanwhile, the ratings firm affirmed the state's A1 issuer and general obligation bond ratings, as its solid economic and revenue support "prospects the state will maintain strong fund balances while continuing full actuarial pension contributions, it said.
Relevant tickers: Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ), BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ).

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