Summary: Hudson County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; School State Program - S&P Global Ratings’ Credit Research

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

Summary: Hudson County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; School State Program - S&P Global Ratings’ Credit Research
Summary: Hudson County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; School State Program
Published May 17, 2016
Published May 17, 2016
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About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to Hudson County, N.J.'s series 2016 A&B general obligation (GO)bonds. At the same time, we affirmed our 'AA' rating on the county's existing GO bonds, and the 'AA' rating on Hudson County Improvement Authority's bonds, issued for the county. We also affirmed the 'AA-' rating on the county's appropriation–backed debt. The outlook for all ratings is stable. The county's full-faith, credit, and unlimited ad valorem levy pledge secures the existing GO and Hudson County Improvement Authority bonds. Lease-rental payments made by the county secure the authority's certificates of participation outstanding. We understand, proceeds from the 2016A bonds will be used to finance various 2014-2015 general capital improvements at the Hudson County School

  
Report Type:

Summary

Issuer
Hudson Cnty
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Hudson County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; School State Program" May 17, 2016. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hudson-County-New-Jersey-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-School-State-Program-1637335>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Hudson County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; School State Program May 17, 2016. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hudson-County-New-Jersey-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-School-State-Program-1637335>
  
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