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Mercer County Improvement Authority, New Jersey Mercer County; General Obligation; General Obligation Equivalent Security Dec 10
Standard & Poors, December 2010
The 'AA+' long-term rating assigned to Mercer County Improvement Authority, N.J.'s series 2010 county guaranteed solid waste revenue refunding bonds and the 'AA+' ratings on the county's previously rated GO debt reflect Standard & Poor's Ratings Services' opinion of the county's: Deep and diverse employment base that remains anchored by state government, higher education institutions, and an expansive health care technology sector along with access to the New York City and Philadelphia metropolitan regions; Strong income and wealth levels; An unemployment rate that has been consistently below both state and national averages and Low-to-moderate debt burden coupled with a manageable capital improvement plan (CIP) Offsetting the above factors is the county's record of three consecutive years of current fund reserve...
Companies mentioned in this report are: Mercer Cnty,Mercer Cnty Imp Auth
Action: New Rating
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Research Type: Full Analysis
Mercer Cnty,Mercer Cnty Imp Auth