Standard & Poor's Ratings Services assigned its 'AA' enhanced program rating and 'A+' issuer credit rating (ICR), and stable outlook, to Hamilton Township (Atlantic County) Board of Education, N.J.'s series 2010 school bonds. The rating outlook is stable. The 'AA' 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: Stable local economy, which benefits from its access to Atlantic City, N.J. ('A' GO debt rating) and Philadelphia ('BBB' GO debt rating) regional employment centers; Strong wealth and income levels; Modest, yet consistent, property tax base growth with no concentration among leading taxpayers; and Moderate debt burden coupled with rapid principal amortization and limited...
Companies mentioned in this report are: Hamilton Twp Brd of Ed (Atlantic Cnty)
Action: New Rating
Action: Outlook: Stable
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