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Morris County, New Jersey; General Obligation, Local GO Sep 98
Standard & Poors, September 1998
The ratings on Morris County, N.J.'s bonds and notes reflects the county's: Extremely strong tax and employment base with low unemployment rates, High wealth levels, Solid financial performance, and Manageable debt. Proximity to New York City, N.Y. has made Morris County a preferred location for corporate headquarters and commuting suburbanites. The local economic base consists of well-known firms in the highly compensated service, government, and manufacturing sectors. Wealth levels are high with per capita personal income at 123% of the state and 169% of the nation. A fairly low overall office vacancy rate (9.6%, all classes) continues to contribute to appreciation in existing properties; total assessed valuation rose by over 10% in 1998 to $33.4 billion. At least four hotels...
Companies mentioned in this report are:
- Morris Cnty
Action: New Rating
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- Morris Cnty