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 2018B county-guaranteed pooled notes, consisting of the tax-exempt series 2018 B-1A and B-1B notes and federally taxable series 2018 B-2 notes. At the same time, S&P Global Ratings assigned its 'AA' long-term rating, and stable outlook, to Hudson County's series 2018 general obligation (GO) bonds, consisting of county vocational-technical schools bonds and county college bonds. The 'SP-1+' short-term rating reflects our opinion of the 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, as well as its ongoing disclosure to

...S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County Improvement Authority, N.J.'s series 2018B county-guaranteed pooled notes, consisting of the tax-exempt series 2018 B-1A and B-1B notes and federally taxable series 2018 B-2 notes. At the same time, S&P Global Ratings assigned its '##' long-term rating, and stable outlook, to Hudson County's series 2018 general obligation (GO) bonds, consisting of county vocational-technical schools bonds and county college bonds. The 'SP-1+' short-term rating reflects our opinion of the 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, as well as its ongoing disclosure to market participants. The obligation of the county is absolute and unconditional and secured by its full faith and credit GO pledge. The 2018B governmental-pooled notes are being used to provide funds...

Summary