Summary: Monmouth County Improvement Authority, New Jersey Monmouth County; Appropriations; General Obligation; General Obligation Equivalent Security; Note

S&P Global Ratings assigned its 'SP-1+' short-term rating to the Monmouth County Improvement Authority, N.J.'s $72.3 million series 2020 governmental pooled loan project notes, guaranteed by Monmouth County. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the county's previously issued general obligation (GO) bonds and county-guaranteed bonds issued by the authority, as well as its 'SP-1+' short-term rating on the county's previously issued bond anticipation notes (BANs) and county-guaranteed BANs issued by the authority. The outlook, where applicable, is stable. The authority's series 2020 governmental pooled loan project notes are issued on behalf of 12 local borrowing entities within the county. The notes, as well as the rating on existing bonds and BANs issued by

...S&P Global Ratings assigned its 'SP-1+' short-term rating to the Monmouth County Improvement Authority, N.J.'s $72.3 million series 2020 governmental pooled loan project notes, guaranteed by Monmouth County. At the same time, S&P Global Ratings affirmed its '###' long-term rating on the county's previously issued general obligation (GO) bonds and county-guaranteed bonds issued by the authority, as well as its 'SP-1+' short-term rating on the county's previously issued bond anticipation notes (BANs) and county-guaranteed BANs issued by the authority. The outlook, where applicable, is stable. The authority's series 2020 governmental pooled loan project notes are issued on behalf of 12 local borrowing entities within the county. The notes, as well as the rating on existing bonds and BANs issued by the authority and guaranteed by the county, reflect our view of Monmouth County's unconditional guarantee of full and prompt payment of principal and interest on the debt when due and payable. The...

Summary