NJ’s credit rating rises as pension funding continues to flow

By: John Reitmeyer, Budget/Finance Writer

Outlets: NJ Spotlight

Published: September 17, 2026

Words: 1,021

Last Updated: 1 day, 14 hours ago

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New Jersey is seeing an ongoing string of credit-rating upgrades, moves that coincide with decisions to fully fund its obligations to state worker pension funds.

For more than two decades, governors and lawmakers from both parties shorted those payments, jeopardizing the state’s long-term financial stability.

But credit rating agencies are taking notice of the recent payments.

The latest change was announced earlier this month by KBRA, a New York-based rating firm that moved New Jersey’s …

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