North Brunswick, NJ's Series 2009 GO Bonds Rated 'AA'; Series 2009A BANs Rated 'SP-1+' On Good Market Access Aug 09
- ID: 2033538
- August 2009
- Region: New Jersey
- Standard & Poors
NEW YORK (Standard & Poor's) Aug. 3, 2009--Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to North Brunswick Township, N.J.'s $14.5 million series 2009A general obligation (GO) bond anticipation notes (BAN). 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 'SP-1+' 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...
Companies mentioned in this report are:
- North Brunswick Twp
Action: New Rating
Action: Outlook: Stable
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Research type: News
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