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 roughly $36.9 million series 2024A county-guaranteed pool notes. At the same time, S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County, N.J.'s roughly $140.6 million series 2024 bond anticipation notes (BANs). In addition, we affirmed our 'SP-1+' short-term rating on the authority's existing county-guaranteed pool notes. Finally, we affirmed our 'AA' long-term rating on Hudson County's general obligation (GO) debt and county-guaranteed GO-backed debt, previously issued by the Hudson County Improvement Authority. The outlook on all long-term ratings is stable. Hudson County's full-faith-and-credit pledge to pay principal and interest from the levy and collection of ad valorem taxes, without limit as to rate or amount,

...+ S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County Improvement Authority, N.J.'s roughly $36.9 million series 2024A county-guaranteed pool notes. + At the same time, S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County, N.J.'s roughly $140.6 million series 2024 bond anticipation notes (BANs). + In addition, we affirmed our 'SP-1+' short-term rating on the authority's existing county-guaranteed pool notes. + Finally, we affirmed our '##' long-term rating on Hudson County's general obligation (GO) debt and county-guaranteed GO-backed debt, previously issued by the Hudson County Improvement Authority. + The outlook on all long-term ratings is stable....

Summary