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Moody’s Investor Services Credits New Jersey’s outlook from negative to stable

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the staff of the Ridgewood blog

TRENTON NJ,  State Treasurer Elizabeth Maher Muoio released the following statement on the decision by Moody’s Investor Services to upgrade New Jersey’s outlook from negative to stable due to the better than expected revenue performance in Fiscal Year 2021, and the expectation that large resulting fund balances will support budget flexibility through the coronavirus recovery.

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