Hudson County, NJ $43.5M County-Guaranteed Notes And $140.6M Bond Anticipation Notes Assigned 'SP-1+' Short-Term Rating - S&P Global Ratings’ Credit Research

Hudson County, NJ $43.5M County-Guaranteed Notes And $140.6M Bond Anticipation Notes Assigned 'SP-1+' Short-Term Rating

Hudson County, NJ $43.5M County-Guaranteed Notes And $140.6M Bond Anticipation Notes Assigned 'SP-1+' Short-Term Rating - S&P Global Ratings’ Credit Research
Hudson County, NJ $43.5M County-Guaranteed Notes And $140.6M Bond Anticipation Notes Assigned 'SP-1+' Short-Term Rating
Published Feb 08, 2024
2 pages (1168 words) — Published Feb 08, 2024
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Abstract:

MANCHESTER (S&P Global Ratings) Feb. 8, 2024--S&P Global Ratings assigned its 'SP-1+' short-term rating to the Hudson County Improvement Authority, N.J.'s $43.5 million series 2024A county-guaranteed pool notes, consisting of $36.7 million series 2024A-1 tax-exempt county-guaranteed pooled notes and $6.8 million series 2024A-2 taxable county-guaranteed pooled notes. At the same time, S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County, N.J.'s $140.6 million series 2024 bond anticipation notes (BANs). In addition, we affirmed our 'SP-1+' short-term rating on the authority's existing county-guaranteed pool notes. Finally, we affirmed our 'AA' long-term rating on Hudson County's general obligation (GO) debt and county-guaranteed GO-backed debt, previously issued by the Hudson County Improvement Authority. The outlook on all long-term ratings is stable. "The

  
Brief Excerpt:

...February 8, 2024 MANCHESTER (S&P Global Ratings) Feb. 8, 2024--S&P Global Ratings assigned its 'SP-1+' short-term rating to the Hudson County Improvement Authority, N.J.'s $43.5 million series 2024A county-guaranteed pool notes, consisting of $36.7 million series 2024A-1 tax-exempt county-guaranteed pooled notes and $6.8 million series 2024A-2 taxable county-guaranteed pooled notes. At the same time, S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County, N.J.'s $140.6 million series 2024 bond anticipation notes (BANs). In addition, we affirmed our 'SP-1+' short-term rating on the authority's existing county-guaranteed pool notes. Finally, we affirmed our '##' long-term rating on Hudson County's general obligation (GO) debt and county-guaranteed GO-backed debt, previously issued by the Hudson County Improvement Authority. The outlook on all long-term ratings is stable. "The ratings on the county-guaranteed notes and other county-guaranteed debt reflect our view of Hudson...

  
Report Type:

Ratings Action

Issuer
Hudson County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Hudson County, NJ $43.5M County-Guaranteed Notes And $140.6M Bond Anticipation Notes Assigned 'SP-1+' Short-Term Rating" Feb 08, 2024. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Hudson-County-NJ-43-5M-County-Guaranteed-Notes-And-140-6M-Bond-Anticipation-Notes-Assigned-SP-1-Short-Term-Rating-3123303>
  
APA:
S&P Global Ratings’ Credit Research. (). Hudson County, NJ $43.5M County-Guaranteed Notes And $140.6M Bond Anticipation Notes Assigned 'SP-1+' Short-Term Rating Feb 08, 2024. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Hudson-County-NJ-43-5M-County-Guaranteed-Notes-And-140-6M-Bond-Anticipation-Notes-Assigned-SP-1-Short-Term-Rating-3123303>
  
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