NEW YORK (Standard&Poor's CreditWire) Sept. 13, 1999--Standard&Poor's today assigned its single-'A'-plus rating to New Jersey Educational Facilities Authority's $9.79 million college capital projects fund issue combined serial bonds series 1999D dated Sept. 1, 1999, due Sept. 1, 2014, issued for Hudson County, N.J. The bonds are scheduled to sell Sept. 14, 1999. The rating is based on the underlying creditworthiness of the county and reflects: -- The county's proximity to New York City; -- Ongoing residential, commercial, and industrial development; -- A manageable debt burden; and -- Thin financial operations. The bonds are secured by revenues received by the authority from loan repayments made by the county pursuant to a bond purchase agreement. Under that agreement,
