The 'AAA' rating on Monmouth County, N.J.'s $40 million general improvement bonds, $4.5 million county college bonds, and $9 million utility bonds reflects the county's: Diverse and growing economic base, Above-average wealth and income levels, Strong financial performance and position, and Manageable debt burden. The proceeds of these bonds will be used to finance various capital improvements in the county. The Monmouth Board of Chosen Freeholders has authorized $125.7 million to be issued in GO bonds in total, of which 11% is being issued in this sale. The bonds are secured by the full faith and credit of the county. Monmouth County (population 615,301) is in central New Jersey and neighbors Mercer, Middlesex, Burlington, and Ocean counties. The county has