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Governor Murphy & Treasurer Muoio Welcome Moody’s Decision to Upgrade New Jersey’s Outlook to Positive

September 30, 2022 | state.nj.us

Governor Phil Murphy and State Treasurer Elizabeth Maher Muoio today (9/30) welcomed news that Moody’s Investors Service has joined the other three major credit rating agencies in upgrading New Jersey’s outlook from stable to positive. Since the enactment of the FY2022 State budget last year, New Jersey has received three credit rating upgrades and is now on positive outlook with all four major credit rating agencies – Moody’s, S&P, Fitch, and KBRA.

NJ SEED: Moody’s upgrade is confirmation that the state’s economic foundations are solid.