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Summary: Gloucester County Improvement Authority, New Jersey Gloucester County; General Obligation Oct 10 Product Image

Summary: Gloucester County Improvement Authority, New Jersey Gloucester County; General Obligation Oct 10

  • Published: October 2010
  • Standard & Poors

FEATURED COMPANIES

  • Gloucester Cnty
  • Gloucester Cnty Imp Auth
  • Gloucester Cnty Util Auth
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to Gloucester County Improvement Authority, N.J.'s series 2010A county-guaranteed lease revenue refunding bonds, issued for Gloucester County, and affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the authority's county-guaranteed debt outstanding. Standard & Poor's also affirmed its 'AA+' long-term rating and SPUR, with a stable outlook, on the county's general obligation (GO) debt. The rating reflects our view of the county's: Access to employment opportunities in the Philadelphia metropolitan statistical area (MSA); Strong wealth and income indicators, coupled with steady property tax base growth; Very strong financial performance; and Moderate overall debt burden. The county's full faith and credit GO pledge...

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

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

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- Gloucester Cnty
- Gloucester Cnty Util Auth
- Gloucester Cnty Imp Auth

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