Burlington County, NJ GO Debt Rating Outlook Revised To Negative From Stable On Weakened Financial Position Feb 13
- Language: English
- Published: February 2013
- Region: New Jersey
Burlington County Bridge Commission, N.J.'s lease revenue bonds series 2006 have been rated 'AA', based on Burlington County's obligation, which is not subject to appropriation, to make rental payments (series 2006 debt service), which represents a full faith and credit GO pledge of Burlington County ('AA'/Stable GO rating). Proceeds of the series 2006 bonds will be used to construct landfill-phase four (cells 17-20) at the county's resource recovery complex. The 'AA' standard long-term rating and Standard & Poor's underlying rating (SPUR) on Burlington County's GO debt reflect the county's: Proximity to the major metropolitan centers of Philadelphia and New York City, providing residents with easy access to many employment opportunities; Large and steadily increasing tax base; Historically sound financial performance;...
Companies mentioned in this report are:
- Burlington Cnty
- Burlington Cnty Br Comm
Action: New Rating
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Research Type: Full Analysis