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

S&P Global Ratings assigned its 'SP-1+' short-term rating to the Hudson County Improvement Authority, N.J.'s series 2019C county-guaranteed pooled notes, consisting of the tax-exempt series 2019 C-1 notes and federally taxable series 2019 C-2 notes. At the same time, S&P Global Ratings affirmed its 'AA' rating on Hudson County's general obligation (GO) debt outstanding, its 'AA' rating on the authority's GO-backed debt outstanding, its 'AA-' 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 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). In addition,

...S&P Global Ratings assigned its 'SP-1+' short-term rating to the Hudson County Improvement Authority, N.J.'s series 2019C county-guaranteed pooled notes, consisting of the tax-exempt series 2019 C-1 notes and federally taxable series 2019 C-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....

Summary