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Summary: North Brunswick Township, New Jersey; General Obligation; Note Jul 11 Product Image

Summary: North Brunswick Township, New Jersey; General Obligation; Note Jul 11

  • ID: 2034070
  • July 2011
  • Region: New Jersey
  • Standard & Poors

Abstract
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: Affirmed
Action: New Rating
Action: Outlook: Stable

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