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Summary: Jefferson Township Board Of Education, New Jersey; School State Program Feb 12 Product Image

Summary: Jefferson Township Board Of Education, New Jersey; School State Program Feb 12

  • ID: 2051801
  • February 2012
  • Region: New Jersey
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' program rating and 'AA-' school issuer credit rating (ICR) and stable outlook to Jefferson Township Board of Education, N.J.'s series 2012 general obligation (GO) refunding school bonds and affirmed its 'AA-' program rating and ICR, with a stable outlook, on the district's existing GO debt. The program rating reflects the security provided by the New Jersey Fund for the Support of Free Public Schools program. The ICR reflects our view of the district's: Primarily residential property tax base with, what we consider, very strong income and extremely strong wealth; Stable economic base as demonstrated by, what we view as, below-average unemployment at the county level; Stable finances with, what we regard as,...

Companies mentioned in this report are: Jefferson Twp Brd of Ed
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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