{"id":120838,"date":"2023-07-24T22:55:28","date_gmt":"2023-07-25T02:55:28","guid":{"rendered":"https:\/\/www.thevalleyledger.com\/?p=120838"},"modified":"2023-07-24T22:55:28","modified_gmt":"2023-07-25T02:55:28","slug":"treasurer-stacy-garrity-announces-highest-rating-for-invest-program-benefiting-local-governments-and-nonprofits","status":"publish","type":"post","link":"https:\/\/www.thevalleyledger.com\/?p=120838","title":{"rendered":"Treasurer Stacy Garrity Announces Highest Rating for INVEST Program Benefiting Local Governments and Nonprofits"},"content":{"rendered":"

INVEST, with $1.3 billion in assets, receives \u2018AAAm\u2019 rating from S&P Global Ratings<\/em><\/p>\n

 <\/p>\n

Harrisburg, PA\u00a0<\/strong>\u2014 Pennsylvania Treasurer Stacy Garrity announced today that Treasury\u2019s INVEST Program \u2013 an investment tool designed for local government agencies and nonprofit organizations \u2013 has again received the highest credit rating possible, AAAm, from Standard & Poor\u2019s Global Ratings (S&P).<\/p>\n

\u201cINVEST is a great tool which helps our local governments, schools and nonprofits safely reach their financial goals,\u201d Garrity said. \u201cS&P\u2019s affirmation of INVEST\u2019s rating shows that our investment team is doing a fantastic job to benefit every program participant. I hope this news encourages more organizations to use INVEST to strengthen their finances and advance their missions.\u201d<\/p>\n

Treasury\u2019s INVEST program is designed specifically for local government entities and nonprofit organizations like townships, counties, school districts, volunteer fire companies, libraries and others. The program, similar in concept to money market funds, offers two pools with daily liquidity and no minimum balance requirements. There are also periodic custom investment opportunities for longer-term needs.<\/p>\n

INVEST portfolios are managed by Treasury\u2019s investment staff, which also oversees the investment and custody of more than $150 billion in public funds.<\/p>\n

The \u201cAAAm\u201d rating applies to both the\u00a0INVEST Daily Pool<\/a>\u00a0and the\u00a0INVEST Community Pool<\/a>.<\/p>\n

According to S&P, \u201cA fund rated \u2018AAAm\u2019 demonstrates extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk. \u2018AAAm\u2019 is the highest principal stability fund rating assigned by S&P Global Ratings.\u201d<\/p>\n

INVEST has been in operation for more than 30 years. Currently, more than 260 entities use the program, which has assets totaling about $1.3 billion.<\/p>\n

To learn more about INVEST, visit\u00a0patreausry.gov\/invest<\/a>\u00a0or email\u00a0investoperations@patreasury.gov<\/a>.<\/p>\n

STACY GARRITY, STATE TREASURER
\nwww.patreasury.gov<\/u><\/a><\/p>\n

Information provided to TVL by:
\n<\/strong>Samantha Heckel, Press Secretary<\/p>\n","protected":false},"excerpt":{"rendered":"

INVEST, with $1.3 billion in assets, receives \u2018AAAm\u2019 rating from S&P Global Ratings   Harrisburg, PA\u00a0\u2014 Pennsylvania Treasurer Stacy Garrity announced today that Treasury\u2019s INVEST Program \u2013 an investment tool … Continue reading Treasurer Stacy Garrity Announces Highest Rating for INVEST Program Benefiting Local Governments and Nonprofits<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":120734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[482],"tags":[],"class_list":["post-120838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release-2"],"jetpack_publicize_connections":[],"acf":[],"jetpack_featured_media_url":"https:\/\/www.thevalleyledger.com\/wp-content\/uploads\/2023\/07\/Pennsylvania-Treasury.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/120838"}],"collection":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=120838"}],"version-history":[{"count":0,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/120838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/media\/120734"}],"wp:attachment":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=120838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=120838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=120838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}