Summary: Middlesex County Improvement Authority, N.J. Middlesex County; General Obligation Sep 10
Standard & Poors, September 2010
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Middlesex County Improvement Authority, N.J.'s series 2010 county-guaranteed capital equipment and improvement revenue refunding bonds, issued for Middlesex County, N.J., and affirmed its 'AAA' rating, with a stable outlook, on the authority's existing debt, issued for the county. At the same time, Standard & Poor's affirmed its 'AAA' rating, with a stable outlook, on the county's general obligation (GO) debt and New Jersey Educational Facilities Authority's debt, issued for the county. The rating reflects what we view as the county's: Strong and diverse economic base, Very strong income levels, Historically strong financial profile, and Low overall debt burden. We understand officials plan to use bond proceeds to...
Companies mentioned in this report are:
- Middlesex Cnty
- New Jersey Educl Facs Auth
- Middlesex Cnty Imp Auth
Action: Affirmed
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.
- Middlesex Cnty
- New Jersey Educl Facs Auth
- Middlesex Cnty Imp Auth
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