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

S&P Global Ratings assigned its 'AA' long-term rating to Hudson County, N.J.'s series 2021 general obligation (GO) bonds, consisting of the county's series 2021 vocational-technical (vo-tech) school bonds, totaling $2 million, and 2021 county college bonds, totaling $8.8 million. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on Hudson County's GO debt and county-guaranteed GO-backed debt, previously issued by the Hudson County Improvement Authority. Additionally, we affirmed our 'AA-' long-term rating and underlying rating (SPUR) on the county's appropriation-backed obligations. The outlook 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, within its jurisdiction secures the series 2021

...S&P Global Ratings assigned its '##' long-term rating to Hudson County, N.J.'s series 2021 general obligation (GO) bonds, consisting of the county's series 2021 vocational-technical (vo-tech) school bonds, totaling $2 million, and 2021 county college bonds, totaling $8.8 million. At the same time, S&P Global Ratings affirmed its '##' long-term rating on Hudson County's GO debt and county-guaranteed GO-backed debt, previously issued by the Hudson County Improvement Authority. Additionally, we affirmed our '##-' long-term rating and underlying rating (SPUR) on the county's appropriation-backed obligations. The outlook 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, within its jurisdiction secures the series 2021 bonds and existing GO debt. The New Jersey Fund for the Support of Free Public Schools program provides additional bond security for the series 2021 bonds. The...

Summary