S&P Global Ratings assigned its 'AA+' long-term rating to the Township of Jackson, N.J.'s series 2016 general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the township's existing GO debt. The outlook is stable. The township's full faith and GO credit pledge secures the bonds. We understand proceeds from this issue will refund and permanently finance the township's bond anticipation notes maturing Jan. 27, 2017. In our opinion, the rating reflects the township's: 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 management assessment (FMA) methodology; Strong budgetary performance, with a slight operating surplus in the general
