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

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

Summary: Hudson County, New Jersey Hudson County Improvement Authority; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program - S&P Global Ratings’ Credit Research
Summary: Hudson County, New Jersey Hudson County Improvement Authority; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program
Published Mar 06, 2023
9 pages (3701 words) — Published Mar 06, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'SP-1+' short-term rating to the Hudson County Improvement Authority, N.J.'s $33.752 million series 2023a tax-exempt county-guaranteed pooled notes. At the same time, 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 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 secures its GO debt. The ratings on the county-guaranteed notes and other county-guaranteed debt reflect our view of Hudson County's unconditional guarantee for full and prompt principal and interest payment when due and payable. The guarantee

  
Brief Excerpt:

...+ S&P Global Ratings assigned its 'SP-1+' short-term rating to the Hudson County Improvement Authority, N.J.'s $33.752 million series 2023a tax-exempt county-guaranteed pooled notes. + At the same time, 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 ratings is stable....

  
Report Type:

Summary

Issuer
Hudson Cnty
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Hudson County, New Jersey Hudson County Improvement Authority; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program" Mar 06, 2023. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hudson-County-New-Jersey-Hudson-County-Improvement-Authority-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-Note-School-State-Program-2956721>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Hudson County, New Jersey Hudson County Improvement Authority; Appropriations; General Obligation; General Obligation Equivalent Security; Note; School State Program Mar 06, 2023. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Hudson-County-New-Jersey-Hudson-County-Improvement-Authority-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-Note-School-State-Program-2956721>
  
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