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Camden County Improvement Authority, New Jersey Camden County; Tax Secured, General Obligation Feb 03
Standard & Poors, Feb 2003
Abstract
The 'A+' rating on Camden County Improvement Authority, N.J.'s county-guaranteed revenue bonds, issued for Camden County, reflects: Continued suburban economic growth and improved financial performance and position, The county's proximity to significant employment centers, A sizable property tax base, Sound financial performance of the Camden County Municipal Utilities Authority, and A moderate debt burden. The major credit weakness is the negative impact Camden, N.J. has on the county's overall economic/employment profile. The bonds are secured by a county guarantee agreement that is equivalent to its full faith and credit pledge. The county also levies 1 cent per $100 of assessed value (AV), approved by referendum, to purchase, preserve, and maintain environmentally sensitive lands including open space. The county's levy raises...
Companies mentioned in this report are: Camden Cnty,Camden Cnty Imp Auth
Action: New Rating
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: Full Analysis
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