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Branchburg Township, NJ GO Bond Rating Raised To 'AA+'; Management of Economic Growth Cited Oct 07
Standard & Poors, Oct 2007
Abstract
NEW YORK (Standard & Poor's) Oct. 5, 2007--Standard & Poor's Ratings Services has raised its ratings on Branchburg Township, N.J.'s GO bonds to 'AA+' from 'AA', reflecting the township's management of steady economic growth. The outlook is stable. At the same time, the rating service assigned its 'AA+' rating to the township's $6.84 million 2007 GO bonds. Specifically, the rating reflects the township's above-average wealth levels and property values; maturing local economy with access to and participation in the deep and diverse employment opportunities within the New York City MSA; continued strong financial position supported by consistently high fund balance levels; and manageable debt burden supported by management's conservative debt practices. The stable outlook reflects the township's continued participation in...
Companies mentioned in this report are: Branchburg Twp
Action: Affirmed
Action: New Rating
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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