Moody's Ratings assigns initial Aa2 to Long Branch Sewerage Authority, NJ's Sewer Revenue Bonds - Moody's Global Credit Research

Moody's Ratings assigns initial Aa2 to Long Branch Sewerage Authority, NJ's Sewer Revenue Bonds

Moody's Ratings assigns initial Aa2 to Long Branch Sewerage Authority, NJ's Sewer Revenue Bonds - Moody's Global Credit Research
Moody's Ratings assigns initial Aa2 to Long Branch Sewerage Authority, NJ's Sewer Revenue Bonds
Published May 08, 2024
5 pages (2469 words) — Published May 08, 2024
Price US$ 180.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

  
Report Type:

Rating Action

Issuer
Long Branch Sewerage Authority, NJ
Format:
PDF Adobe Acrobat
Buy Now

Long Branch Sewerage Authority, NJ: Update to credit analysis: New issuer - Credit Opinion – 2024/05/08 – US$ 250.00 – ...Long Branch Sewerage Authority, NJ (Aa2) benefits from a healthy financial position driven by solid debt service coverage, robust liquidity and a stable customer base. The authority also benefits from a service agreement with the City of Long Branch (Aa2), providing for additional security on its debt. These benefits are somewhat offset by the authority's below- average resident income levels. On May 8, 2024, Moody's Ratings assigned an initial Aa2 revenue rating to the authority's proposed $6.4 million Sewer Revenue Refunding Bonds, Series 2024....

More from Moody's Global Credit Research

Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

About the Author


Cite this Report

  
MLA:
Moody's Global Credit Research. "Moody's Ratings assigns initial Aa2 to Long Branch Sewerage Authority, NJ's Sewer Revenue Bonds" May 08, 2024. Alacra Store. May 19, 2024. <http://www.alacrastore.com/moodys-credit-research/Moody-s-Ratings-assigns-initial-Aa2-to-Long-Branch-Sewerage-Authority-NJ-s-Sewer-Revenue-Bonds-PR_908599945>
  
APA:
Moody's Global Credit Research. (). Moody's Ratings assigns initial Aa2 to Long Branch Sewerage Authority, NJ's Sewer Revenue Bonds May 08, 2024. New York, NY: Alacra Store. Retrieved May 19, 2024 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-Ratings-assigns-initial-Aa2-to-Long-Branch-Sewerage-Authority-NJ-s-Sewer-Revenue-Bonds-PR_908599945>
  
US$ 180.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.