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Summary: Burlington County Bridge Commission, New Jersey Burlington County; General Obligation; General Obligation Equivalent Security May 07 Product Image

Summary: Burlington County Bridge Commission, New Jersey Burlington County; General Obligation; General Obligation Equivalent Security May 07

  • Published: May 2007
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Burlington County Bridge Commission, N.J.'s series 2007A county-guaranteed pooled governmental leasing program bonds, issued for Burlington County. The rating is based on Burlington County's unconditional guarantee, along with the GO pledges of the participants to make respective debt service payments. If any individual participant fails to make its respective debt service payment, Burlington County is then required to make debt service payments to the trustee on the participant's behalf. The county guarantee on the series 2007 bonds represents a full faith and credit GO pledge of Burlington County ('AA' GO rating, stable outlook). Series 2007A bond proceeds will be used to refund a portion of the series...

Companies mentioned in this report are:
- Burlington Cnty

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Burlington Cnty

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