Morris County, New Jersey; General Obligation, Local GO Sep 98

Standard & Poors, September 1998

Abstract
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

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: Full Analysis

- Morris Cnty

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