...S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County Improvement Authority, N.J.'s series 2019A county-guaranteed pooled notes, consisting of the tax-exempt series 2019A-1A notes, tax-exempt series 2019A-1B notes, and federally taxable series 2019A-2 notes. At the same time, S&P Global Ratings affirmed its '##' rating on Hudson County's general obligation (GO) debt outstanding, its '##' rating on the authority's GO-backed debt outstanding, its '##-' rating on the county's appropriations-backed obligations outstanding, and its 'SP-1+' rating on the authority's notes outstanding. The outlook on all long-term ratings is stable. The short-term rating reflects our opinion of Hudson 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 county's obligation...
