Summary: Hamilton Township Board Of Education (Atlantic County), New Jersey; School State Program Jan 12
- Language: English
- Published: January 2012
- Region: New Jersey
The 'AA' standard long-term rating on Atlantic County, N.J.'s series 2008 general refunding bonds reflects the county's: Strong local economy that continues to be anchored by tourism and casino gaming and has shown growth in other, more stable sectors; Large tax base that continues to increase at a healthy rate due mainly to a high volume of residential development; Consistently strong financial position, strengthened by strong financial management practices; and Modest debt burden and limited future capital needs. The 'AA' standard long-term rating and Standard & Poor's underlying rating (SPUR) on the county's outstanding general obligation (GO) debt have been affirmed. The county's full faith and credit GO pledge secures the bonds. The county will use bond proceeds to refund...
Companies mentioned in this report are:
- Atlantic Cnty
Action: New Rating
Action: Outlook: Stable
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >
- Atlantic Cnty