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Summary: North Brunswick Township, New Jersey; General Obligation; Note Aug 09
Standard & Poors, August 2009
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to North Brunswick Township, N.J.'s $14.5 million general obligation (GO) bond anticipation notes (BANs). At the same time, Standard & Poor's assigned its 'AA' long-term rating to the township's $18.2 million series 2009 GO bonds. The outlook is stable. The 'SP-1+' rating reflects our opinion of the township's: History of good market access; and General creditworthiness. The 'AA' rating reflects our view of the township's: Diverse local economy with additional access to the New York City metropolitan statistical area (MSA); Sizable tax base with very strong wealth and income levels; Very strong financial position but with plans to use current fund balance for capital projects; and Moderate overall net debt...
Companies mentioned in this report are: North Brunswick Twp
Action: New Rating
Action: Outlook: Stable
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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.
North Brunswick Twp