Summary: Middlesex County, New Jersey; General Obligation Jun 10

Standard & Poors, June 2010

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Middlesex County, N.J.'s series 2010A general improvement bonds, series 2010A county vocational-technical schools bonds, and series 2010A county college bonds. At the same time, Standard & Poor's affirmed its 'AAA' rating, with a stable outlook, on the county's general obligation (GO) debt outstanding. The rating reflects what we view as the county's: Diverse and diverse economic base; Very strong income levels; Historically strong financial profile; and Low overall debt burden. The series 2010 bond series are each secured by the county's full faith and credit GO pledge. We understand that proceeds from the general improvement bonds will be used to provide for the permanent financing of...

Companies mentioned in this report are:
- Middlesex Cnty

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

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