Pennsylvania Becomes First State to Earn a Credit Rating for Its Prepaid-Tuition Plan

By KARIN FISCHER

Pennsylvania's prepaid-tuition program has become the first such plan in the nation to receive a credit rating, earning an A3 mark from Moody's Investor Services, the state's treasurer, Robert P. Casey Jr., announced on Tuesday.

In its analysis, the credit-rating agency said that, over the next 25 years,...