...S&P Global Ratings assigned its '##' long-term rating and stable outlook to Hudson County Improvement Authority, N.J.'s roughly $11.335 million series 2021 federally taxable county-secured guaranteed special-obligation revenue refunding bonds (the Township of Weehawken Port Imperial parking redevelopment project), issued for Hudson County, and affirmed its '##' long-term rating, with a stable outlook, on Hudson County's general obligation (GO) debt and county-guaranteed GO-backed debt, previously issued by the authority. In addition, S&P Global Ratings affirmed its '##-' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's appropriation-backed obligations. The bonds are a special obligation of the authority, secured by authority revenue from payments made by Weehawken Township. Payments to the authority represent a full-faith-and-credit obligation by the township. However, Hudson County's unconditional and irrevocable GO guarantee also secures the authority's...
