Summary: Hudson County Improvement Authority, New Jersey Hudson County; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program - S&P Global Ratings’ Credit Research

Summary: Hudson County Improvement Authority, New Jersey Hudson County; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program

Summary: Hudson County Improvement Authority, New Jersey Hudson County; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program - S&P Global Ratings’ Credit Research
Summary: Hudson County Improvement Authority, New Jersey Hudson County; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program
Published Jan 24, 2020
10 pages (4323 words) — Published Jan 24, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County Improvement Authority, N.J.'s series 2020A county-guaranteed pooled notes, consisting of tax-exempt series 2020A-1 and federally taxable series 2020A-2 notes, issued for Hudson County, and affirmed its 'SP-1+' short-term rating on the authority's existing notes. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating, with a stable outlook, on Hudson County's general obligation (GO) debt and the authority's GO-backed debt. S&P Global Ratings also affirmed its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's appropriation-backed obligations. The short-term rating reflects our opinion of Hudson County's general creditworthiness and market-risk profile, which we consider low. The low market-risk profile reflects our view

  
Brief Excerpt:

...S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County Improvement Authority, N.J.'s series 2020A county-guaranteed pooled notes, consisting of tax-exempt series 2020A-1 and federally taxable series 2020A-2 notes, issued for Hudson County, and affirmed its 'SP-1+' short-term rating on the authority's existing notes. At the same time, S&P Global Ratings affirmed its '##' long-term rating, with a stable outlook, on Hudson County's general obligation (GO) debt and the authority's GO-backed debt. S&P Global Ratings also affirmed its '##-' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's appropriation-backed obligations. The short-term rating reflects our opinion of Hudson County's general creditworthiness and market-risk profile, which we consider low. The low market-risk profile reflects our view of the county's strong legal authority to issue long-term debt to take out the notes and its ongoing disclosure to market participants. The...

  
Report Type:

Summary

Issuer
Hudson Cnty
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Hudson County Improvement Authority, New Jersey Hudson County; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program" Jan 24, 2020. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hudson-County-Improvement-Authority-New-Jersey-Hudson-County-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-Note-School-State-Program-2372959>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Hudson County Improvement Authority, New Jersey Hudson County; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program Jan 24, 2020. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hudson-County-Improvement-Authority-New-Jersey-Hudson-County-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-Note-School-State-Program-2372959>
  
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