Treasurer Stacy Garrity: S&P Global Reaffirms Highest Ratings for INVEST PA Pools Under New Management
INVEST PA provides investment opportunities for local governments and nonprofits
Harrisburg, PA - Pennsylvania Treasurer Stacy Garrity announced today that Standard and Poor’s Global Ratings (S&P) has affirmed its highest rating, AAAm, for Treasury’s INVEST PA pools. Treasurer Garrity announced in October that INVEST PA would now be managed by Federated Hermes, Inc. INVEST PA provides investment options for local government entities and nonprofit organizations.
“The reaffirmation of our INVEST PA pools’ AAAm rating, especially following our successful transition to a new program manager, underscores the superior standing of our pools for our participants. We’re elated by the enhanced user experience and the improved benefits that our participants are already enjoying with Federated, and this reaffirmation further solidifies their confidence in INVEST PA to help them meet their financial goals.”
Pennsylvania State Treasurer Stacy Garrity
INVEST PA offers two investment pools, the Daily Pool for local governments and the Community Pool for nonprofit organizations. INVEST PA participants such as municipalities, counties, school districts, fire companies, libraries and many others, benefit from the cost savings associated with larger pooled funds which they could not achieve by investing on their own.
INVEST PA pools provide daily liquidity, have no minimum balance requirements, no minimum deposit amounts and no limits on the number of transactions an organization can make. With INVEST PA’s new manager, Federated, participants are seeing lower fees, anticipated higher yields, improved customer service and many other benefits.
AAAm is the highest rating assigned by S&P. Funds achieving this rating demonstrate, “a fund’s extremely strong capacity to maintain principal stability and to limit exposure to principal losses caused by credit risk.”
Treasury has administered INVEST for over 30 years. In Fiscal Year 2024-25, More than 400 program participants shared $67 million in earnings. INVEST PA assets are currently over $1.4 billion.
To learn more about INVEST PA, visit patreasury.gov/invest.
