S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County, N.J.'s roughly $210.955 million series 2025 bond anticipation notes (BANs), payable on Feb. 26, 2026. In addition, S&P Global Ratings assigned its 'SP-1+' short-term rating to Hudson County Improvement Authority, N.J.'s roughly $44.589 million series 2025A county-guaranteed pool notes, issued for the county. Hudson County's full-faith-and-credit GO pledge to make principal-and-interest payments from the levy and collection of ad valorem taxes, without limit as to rate or amount, secures the series 2025 BANs. The rating on the series 2025A county-guaranteed pooled notes and other county-guaranteed debt reflects our view of Hudson County's unconditional guarantee for full and prompt principal-and-interest payment when due and payable. The notes are a direct
