Standard & Poor's Ratings Services assigned its 'AA' rating and stable outlook to South Brunswick Township Board of Education, N.J.'s series 2012 general obligation (GO) refunding school bonds and affirmed its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the district's existing GO debt. The 'AA' rating on the series 2012 bonds reflects the district's own creditworthiness. The 'AA-' rating on the district's existing bonds reflects the security provided by the New Jersey Fund for The Support of Free Public Schools. The ratings reflect our opinion of the district's: Participation in the deep and diverse Middlesex County economy with access to the Philadelphia and New York City labor markets; Very strong income and wealth, coupled with,...
Companies mentioned in this report are:
- South Brunswick Twp Brd of Ed
Action: New Rating
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 >