- Language: English
- Published: December 2011
- Region: New Jersey
Summary: North Brunswick Township, New Jersey; General Obligation; Note Jul 11
- ID: 2034070
- July 2011
- Region: New Jersey
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to North Brunswick Township, N.J.'s $42.5 million series 2011A general obligation (GO) bond anticipation notes (BANs) and assigned its 'AA' long-term rating to the township's $2.25 million series 2011 water assessment bonds. At the same time, Standard & Poor's affirmed its 'AA' long-term rating on the township's GO debt outstanding. The outlook is stable. The 'SP-1+' rating 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 economy with access to the New York City metropolitan statistical area (MSA); Sizable tax base with very strong wealth and income levels; Very strong financial position, though with plans...
Companies mentioned in this report are: North Brunswick Twp
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.
SHOW LESS READ MORE >