Summary: Monmouth County, New Jersey; General Obligation; General Obligation Equivalent Security Jun 12

Standard & Poors, June 2012

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Monmouth County, N.J.'s series 2012 general obligation (GO) bonds and affirmed its 'AAA' rating, with a stable outlook, on the county's existing GO debt and Monmouth County Improvement Authority, N.J.'s GO debt, supported by the county. The rating reflects our opinion of the county's: Strong and diverse regional economy, anchored by the services, retail trade, and health care industries; Extremely strong and diverse property tax base, coupled with very strong wealth and income; Consistently strong and conservative financial management, demonstrated by strong current fund balances; and Moderate-to-low overall debt. The county's unlimited GO pledge secures the bonds. Officials intend to use bond proceeds to fund various capital...

Companies mentioned in this report are:
- Monmouth Cnty
- Monmouth 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.

- Monmouth Cnty
- Monmouth Cnty Imp Auth

Customers who bought this item also bought

• County Directory
• Government Investment Pools Report
• Redesigning the Public Library Building
• Academic Library Cataloging Practices Benchmarks
• 2009 Public Sector - UK Key Corporate Changes
• The Survey of Library Public Relations Practices
• Library Use of eBooks, 2013 Edition
• US Directory Suite: Federal, Federal Regional, State, County and Municipal Directories
• Survey of Student Retention Policies in Higher Education
• Survey of Public Library Efforts to Provide Job Information Resources