Summary: Gloucester County Improvement Authority, New Jersey Gloucester County; General Obligation; School State Program Aug 11
- Language: English
- Published: August 2011
- Region: New Jersey
The 'AA-' rating on Gloucester County, N.J.'s GO and county college bonds, series 2004, reflects: Access to employment opportunities throughout the Philadelphia, Pa. metropolitan area; Steady property-tax base growth; Continued sound financial performance; and Low net debt burden. These factors are mitigated by the county's sizable capital improvement plan. The bonds are secured by the county's full faith and credit pledge. Proceeds of the GO bonds will be used to finance various county capital projects and redeem the majority of the outstanding bond anticipation notes. The county college bonds will be secured by the county's pledge, but one-half of the principal and interest will be paid by the state. Proceeds of the county college bonds will be used for renovations...
Companies mentioned in this report are:
- Gloucester 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 SHOW LESS READ MORE >