Burlington County Bridge Commission, New Jersey Burlington County; General Obligation; General Obligation Equivalent Security Nov 06
- ID: 1921319
- November 2006
- Region: New Jersey
- Standard & Poors
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
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