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Burlington County Bridge Commission, New Jersey Burlington County; Tax Secured, General Obligation Jun 04
Standard & Poors, June 2004
Abstract
The 'AA' rating on Burlington County Bridge Commission, N.J.'s county-guaranteed lease revenue bonds (governmental leasing program) series 2004, issued for Burlington County, reflects the county's: Proximity to the major metropolitan centers of Philadelphia and New York City, providing residents with access to many employment opportunities; Above-average wealth and income levels, coupled with a continued low unemployment rate; Historically strong financial performance; and Moderate overall debt burden with modest future capital needs. The county's support of the solid waste system from its general fund operations slightly mitigates these strengths. A shortfall in the solid waste system's operations would have the potential to adversely affect the county's general fund operations. In fiscals 1999-2002, the county subsidized its recycling operations from general tax...
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
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