Standard&Poor's Ratings Services assigned its 'AA+' rating to the township of Jackson, N.J.'s series 2016A and B general obligation (GO) refunding bonds and affirmed its 'AA+' rating on the township's existing GO debt. The outlook is stable. The township's full-faith-credit-and-resources pledge and an agreement to levy ad valorem property taxes without limitation as to rate or amount secure the bonds. We understand that the township will use the bond proceeds to refund a portion of its series 2008A and B bonds. The rating reflects our opinion of the following factors for the township: Very strong economy, with access to a broad and diverse metropolitan statistical area (MSA); Strong management, with "good" financial policies and practices under our Financial
