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Gloucester County Improvement Authority,NJ Lease Revenue Bonds Rated 'AA', 'AA-' Dec 99
Standard & Poors, December 1999
NEW YORK (Standard & Poor's CreditWire) Dec. 6, 1999--Standard & Poor's today assigned its double-'A' rating to Gloucester County Improvement Authority, N.J.'s $8.12 million county guaranteed lease revenue bonds series 1999A and its double-'A'-minus rating to the $12.6 million county guaranteed lease revenue bonds series 1999B and 1999C, all issued for Gloucester County. In addition, Standard & Poor's affirmed its ratings on various bonds issued for the county (see list). The outlook is stable. The rating on the series 1999A bonds is based on the New Jersey Additional State Aid bonds Program where the state is required to appropriate funds for debt service for county GO bonds issued on behalf of community college districts. The rating on the series 1999B...
Companies mentioned in this report are: Gloucester Cnty Imp Auth
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: News
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Gloucester Cnty Imp Auth