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Summary: Mercer County, New Jersey; General Obligation; General Obligation Equivalent Security Sep 11
Standard & Poors, September 2011
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating and stable outlook to Mercer County, N.J.'s series 2011 general obligation (GO) refunding bonds and affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's parity GO debt. Standard & Poor's also affirmed its 'AA+' long-term rating and SPUR, with a stable outlook, on Mercer County Arena Improvement District's and Mercer County Improvement Authority's appropriation debt, supported by the county. The rating reflects our opinion of the county's: Broad employment base that remains anchored by state government and higher education institutions with an expansive health care technology sector that has access to the New York City and Philadelphia metropolitan regions; Strong income and wealth;...
Companies mentioned in this report are: Mercer Cnty,Mercer Cnty Imp Auth
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.
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.
Mercer Cnty,Mercer Cnty Imp Auth