S&P Global Ratings Upgrades New Jersey Credit Rating to A+, Eighth Boost Under Murphy

S&P Global Ratings Upgrades New Jersey Credit Rating to A+, Eighth Boost Under Murphy

TRENTON, NJ. August 13, 2025 — S&P Global Ratings upgraded its rating on New Jersey’s general obligation bonds to A+ from A, citing the Murphy Administration’s work to increase its surplus and reduce long-term liabilities. This is the State’s eighth credit rating upgrade since Governor Murphy took office. “Against an ever evolving economic and policy backdrop clouded by uncertainty, we believe the state’s diligent work in rebuilding and preservi…

NJ Receives Eighth Credit Rating Upgrade Since 2022 - The Village Green

Reflecting the State of New Jersey’s now consistent payments to its pension system after years of non-compliance and the state’s continued surplus, S&P Global Ratings upgraded the state’s credit rating to A+ from A on Monday, August 11. Read more analysis of the upgrade on New Jersey Monitor here: newjerseymonitor.com/briefs/sp-gives-nj-third-credit-rating-increase-under-governor-murphy/. From the Office of Gov. Phil Murphy: TRENTON, August 11, …