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Summary: Hudson County, New Jersey; General Obligation; General Obligation Equivalent Security; School State Program Dec 10

Description:

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating and 'AA-' school issuer credit rating (ICR), and stable outlook, to Hudson County, N.J.'s series 2010 vocational school refunding bonds and affirmed its 'AA' underlying rating (SPUR), with a stable outlook, on the county's existing school vocational bonds. Standard & Poor's also affirmed its 'AA-' long-term rating and SPUR, with a stable outlook, on the county's general obligation (GO) debt. The 'AA' rating reflects the security provided by the New Jersey Fund for the Support of Free Public Schools. The 'AA-' rating reflects our view of the county's: Diverse economy with additional access to New York City's economic base; Continued property tax base and market value growth; Maintenance of a...

Companies mentioned in this report are:
- Hudson Cnty

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Companies Mentioned

- Hudson Cnty

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Summary: Hudson County, New Jersey; General Obligation; General Obligation Equivalent Security; School State Program Dec 10

Fax order form

Order information

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Web Address

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Report Formats

Contact information

Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

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Please fax this form to:
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+353-1-481-1716 or +353-1-653-1571 (from Rest of World)