Camden County Improvement Authority, NJ Debt Rating Raised To 'AA-'; Outlook Stable Jun 08

  • ID: 2033958
  • June 2008
  • Region: New Jersey
  • Standard & Poors
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  • Camden Cnty
  • Camden Cnty Imp Auth
  • MORE

NEW YORK (Standard & Poor's) June 4, 2008--Standard & Poor's Ratings Services said that it raised its standard long-term rating and underlying rating (SPUR) on the general obligation (GO) bonds of Camden County, N.J. to 'AA-' from 'A+'. The outlook is stable. Coinciding with the upgrade of the county's rating, Standard & Poor's also raised the rating on Camden County Improvement Authority's outstanding bonds, issued for Camden County. In addition, Standard & Poor's assigned its 'AA-' rating, and stable outlook, to Camden County Improvement Authority's series 2008 Camden County College Project GO revenue bonds. "The upgrade reflects continued expansion of the county's economic and tax bases with consistent movement toward higher reserve balances," said Standard & Poor's credit analyst Jennifer...

Companies mentioned in this report are:
- Camden Cnty
- Camden Cnty Imp Auth

Action: New Rating
Action: Upgraded

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
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- Camden Cnty
- Camden Cnty Imp Auth

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