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Summary: Camden County Improvement Authority, New Jersey Camden County; General Obligation; General Obligation Equivalent Security; Water/Sewer Dec 11 Product Image

Summary: Camden County Improvement Authority, New Jersey Camden County; General Obligation; General Obligation Equivalent Security; Water/Sewer Dec 11

  • Published: December 2011
  • Standard & Poors

FEATURED COMPANIES

  • Camden Cnty
  • Camden Cnty Imp Auth
  • Camden Cnty Mun Util Auth
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating and stable outlook to Camden County Improvement Authority, N.J.'s series 2011 county-guaranteed loan revenue refunding bonds (county capital program), issued for Camden County. Standard & Poor's also affirmed its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's existing general obligation debt. The rating reflects our view of the county's: Continued suburban economic expansion with easy access to significant employment centers in the greater Philadelphia area; Sizable property tax base that continues to exhibit more-modest expansion; Expected improved finances by management in fiscal 2011 and over the next couple of fiscal years, including the maintenance of, what we consider, at least good unreserved current fund...

Companies mentioned in this report are:
- Camden Cnty
- Camden Cnty Mun Util Auth
- Camden Cnty Imp Auth

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

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- Camden Cnty
- Camden Cnty Mun Util Auth
- Camden Cnty Imp Auth

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