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, N.J.'s series 2019 general obligation (GO) bond anticipation notes (BANs), maturing Dec. 8, 2020, and affirmed its 'SP-1+' short-term rating on the county's existing BANs and guaranteed short-term debt issued by Hudson County Improvement Authority. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating, with a stable outlook, on Hudson County's GO and GO-backed debt and its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's appropriation-backed obligations. The county's general creditworthiness reflects our view of its very strong economy with a growing property tax base and access to the New York City metropolitan statistical area (MSA). Although fiscal 2018 resulted

...S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County, N.J.'s series 2019 general obligation (GO) bond anticipation notes (BANs), maturing Dec. 8, 2020, and affirmed its 'SP-1+' short-term rating on the county's existing BANs and guaranteed short-term debt issued by Hudson County Improvement Authority. At the same time, S&P Global Ratings affirmed its '##' long-term rating, with a stable outlook, on Hudson County's GO and GO-backed debt and its '##-' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's appropriation-backed obligations....

Summary