- Published: May 2012
Summary: Woodbridge Township, New Jersey; General Obligation; Note Dec 11
- Published: December 2011
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'SP-1+' short-term rating on Woodbridge Township, N.J.'s outstanding bond anticipation notes (BANs) maturing Aug. 2012. The short-term rating reflects our revised criteria for evaluating and rating BANs. The township maintains a low market risk profile as it maintains strong legal authority to issue long-term debt to take out the notes and is a frequent issuer that regularly provides ongoing disclosure to market participants. At the same time, Standard & Poor's affirmed its 'AA-' long-term rating on the township's outstanding general obligation bonds. The outlook is stable. The ratings reflect our opinion of the township's: Diverse local economic base with additional access to the greater regional economy of the New York City metropolitan area;...
Companies mentioned in this report are: Woodbridge Twp
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 >
|Electronic||The report will be emailed to you.|