{"id":132890,"date":"2024-07-18T22:17:53","date_gmt":"2024-07-19T02:17:53","guid":{"rendered":"https:\/\/www.thevalleyledger.com\/?p=132890"},"modified":"2024-07-18T22:18:20","modified_gmt":"2024-07-19T02:18:20","slug":"treasurer-stacy-garrity-sp-reaffirms-top-rating-for-invest-program-which-benefits-local-governments-and-nonprofits","status":"publish","type":"post","link":"https:\/\/www.thevalleyledger.com\/?p=132890","title":{"rendered":"Treasurer Stacy Garrity: S&P Reaffirms Top Rating for INVEST Program Which Benefits Local Governments and Nonprofits"},"content":{"rendered":"

Harrisburg, PA\u00a0<\/strong>\u2014 Pennsylvania Treasurer Stacy Garrity announced today that Standard and Poor\u2019s Global Ratings (S&P) has reaffirmed the highest credit rating possible, AAAm, for Treasury\u2019s INVEST program pools. INVEST, managed by the Pennsylvania Treasury Department, is an investment tool specifically designed for local government agencies and nonprofit organizations.<\/p>\n

\u201cEarning S&P\u2019s highest rating for our INVEST pools is a tremendous honor, and it reflects the hard work we\u2019re doing to help local governments and nonprofits across Pennsylvania maximize their investment capabilities,\u201d Treasurer Garrity said. \u201cMany of these entities have extremely tight budgets, so helping them invest and grow their funds is important. Treasury is glad to provide this program to help organizations fund critical projects that improve the lives of Pennsylvanians.\u201d<\/p>\n

INVEST participants include local government agencies and nonprofits including municipalities, counties, school districts, fire companies, libraries and many others.<\/p>\n

There are two pools in INVEST, the\u00a0Daily Pool<\/a>\u00a0for local governments and the\u00a0Community Pool<\/a>\u00a0for nonprofit organizations. Ratings affirmations were for both pools. Both pools provide daily liquidity, with no minimum balance requirements, no minimum deposit amounts and no limit on the number of transactions an organization can make. Treasury may also offer periodic custom investment opportunities for longer-term financial needs of participants.<\/p>\n

AAAm is the highest rating established by S&P. Criteria for this rating includes a fund that, according to S&P, \u201cdemonstrates extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk.\u201d<\/p>\n

Treasury\u2019s investment staff has managed INVEST for over 30 years. In Fiscal Year 2023-24, participants shared more than $75 million in earnings. More than 450 INVEST participants currently have over $1.6 billion in assets.<\/p>\n

To learn more about becoming a participant with INVEST, visit\u00a0patreasury.gov\/invest<\/a>\u00a0or email\u00a0investoperations@patreasury.gov<\/a>.<\/p>\n

 <\/p>\n

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

Harrisburg, PA\u00a0\u2014 Pennsylvania Treasurer Stacy Garrity announced today that Standard and Poor\u2019s Global Ratings (S&P) has reaffirmed the highest credit rating possible, AAAm, for Treasury\u2019s INVEST program pools. INVEST, managed … Continue reading Treasurer Stacy Garrity: S&P Reaffirms Top Rating for INVEST Program Which Benefits 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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[69,482],"tags":[],"class_list":["post-132890","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-valley","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\/132890"}],"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=132890"}],"version-history":[{"count":0,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/132890\/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=132890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}