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Branchburg Township, NJ's Ratings Raised To 'AAA' On Strong Management, Financial Position Jul 10
Standard & Poors, July 2010
Abstract
NEW YORK (Standard & Poor's) July 23, 2010--Standard & Poor's Ratings Services said it raised its long-term ratings on Branchburg Township, N.J.'s general obligation (GO) debt to 'AAA' from 'AA+'. The outlook is stable. 'The upgrade reflects the township's management of steady economic growth and very strong financial position,' said Standard & Poor's credit analyst Wendy Dolber. Specifically, the 'AAA' rating reflects the township's: Above-average wealth levels and property values; Maturing economy with access to and participation in the deep and diverse employment base of the New York City metropolitan area; Continued strong financial position that is supported by consistently high fund balance levels; and A manageable debt burden that is supported by management's conservative debt practices. Branchburg's GO bonds...
Companies mentioned in this report are: Branchburg Twp
Action: Outlook: Stable
Action: Upgraded
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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