Standard & Poor's Ratings Services has assigned its 'AA-' long-term rating and 'A+' school issuer credit rating (ICR) to Barnegat Township Board of Education, N.J.'s series 2012 school district refunding general obligation bonds. The outlook is stable. The 'AA-' long-term rating reflects our opinion of the district's participation in the New Jersey Fund for the Support of Free Public Schools program. The 'A+' school ICR reflects our assessment of the district's own credit quality, as well as the: Residential area, which has a large retiree population that has good access to the southern New Jersey employment base; Very diverse tax base that has experienced modest declines; Good to strong wealth and income indicators; Stable financial position with adequate reserve levels;...
Companies mentioned in this report are:
- Barnegat Twp Brd of Ed
Action: New Rating
Action: Outlook: Stable
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