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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
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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: Affirmed
Action: New Rating
Action: Outlook: Stable

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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- North Brunswick Twp

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