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

S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County Improvement Authority, N.J.'s series 2017B county-guaranteed pooled notes, consisting of the tax exempt series 2017 B-1A and B-1B notes and federally taxable series 2017 B-2 notes. S&P Global Ratings also assigned its 'AA' rating, and stable outlook, to Hudson County's series 2017 GO bonds, consisting of Vo-Tech bonds, series 2017A and County College bonds, series 2017B. At the same time, S&P Global Ratings affirmed its 'AA' rating on Hudson County's general obligation (GO) debt outstanding, its 'AA' rating on the authority's GO-backed debt outstanding, and its 'AA-' rating on the county's appropriations-backed obligations outstanding. The outlook on the long-term ratings is stable. The series 2017B governmental-pooled notes are a

...S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County Improvement Authority, N.J.'s series 2017B county-guaranteed pooled notes, consisting of the tax exempt series 2017 B-1A and B-1B notes and federally taxable series 2017 B-2 notes. S&P Global Ratings also assigned its '##' rating, and stable outlook, to Hudson County's series 2017 GO bonds, consisting of Vo-Tech bonds, series 2017A and County College bonds, series 2017B. At the same time, S&P Global Ratings affirmed its '##' rating on Hudson County's general obligation (GO) debt outstanding, its '##' rating on the authority's GO-backed debt outstanding, and its '##-' rating on the county's appropriations-backed obligations outstanding. The outlook on the long-term ratings is stable. The series 2017B governmental-pooled notes are a direct and special obligation of the authority. The notes are secured by those revenues of the authority derived from the loan repayments made by these municipal borrowers pursuant to the...

Summary