Rating Outlook On 145 New Jersey School Districts' GO Debt Revised To Negative On State's GO Rating Outlook Revision Sep 12
- Language: English
- Published: September 2012
- Region: New Jersey
Standard & Poor's Ratings Services assigned its 'AA-' program rating and 'A+' school issuer credit rating (ICR) and stable outlook to Hamilton Township Board of Education (Atlantic County), N.J.'s series 2012 general obligation (GO) refunding school bonds and affirmed its 'AA-' program rating and 'A+' ICR, with a stable outlook, on the district's existing GO debt. The program rating reflects the additional security provided by the New Jersey Fund for the Support of Free Public Schools. The ICR reflects our view of the board's: Diverse and stable local economy, which benefits from its access to the Atlantic City ('A' GO debt rating) and Philadelphia (BBB) regional employment centers; Strong wealth and income; and Moderate overall net debt, coupled with, what...
Companies mentioned in this report are: Hamilton Twp Brd of Ed (Atlantic Cnty),Hamilton Twp (Atlantic Cnty)
Action: New Rating
Action: Outlook: Stable
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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.
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Hamilton Twp Brd of Ed (Atlantic Cnty),Hamilton Twp (Atlantic Cnty)