Standard & Poor's Ratings Services assigned its 'AA-' rating and stable outlook to Hudson County, N.J.'s series 2012 general obligation (GO) bonds and affirmed its 'AA-' rating, with a stable outlook, on the county's parity debt. In addition, Standard & Poor's also affirmed its 'AA-' rating, with a stable outlook, on the county's GO school bonds, reflecting our assessment of the security provided by the New Jersey Fund for the Support of Free Public Schools Program. The ratings reflect our opinion of the county's: Diverse economy with additional access to New York City's economy; Continued property tax base and market value growth; Maintenance of good finances; and Low debt, coupled with modest additional borrowing plans. We believe what we consider...
Companies mentioned in this report are:
- Hudson Cnty
- New Jersey Educl Facs Auth
- Hudson Cnty Imp Auth
Action: New Rating
Action: Outlook: Stable
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