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Burlington County, New Jersey; General Obligation Jun 07
Standard & Poors, June 2007
Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Burlington County, N.J.'s series 2007 county college bonds. At the same time, Standard & Poor's affirmed its 'AA' rating and underlying rating (SPUR), with a stable outlook, on Burlington County's existing GO debt. The rating reflects 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, although reserves are forecasted to post a relatively large decline in fiscal 2006; and Moderate-to-high overall debt burden. The full faith and credit GO pledge of Burlington County secures the bonds. Burlington County (current population 450,743) is in...
Companies mentioned in this report are: Burlington 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
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