The 'AAA' standard long-term rating on Monmouth County Improvement Authority, N.J.'s series 2008 county-guaranteed pooled governmental loan revenue bonds, which are a general obligation of the county, is based on the following county characteristics: Strong local economy anchored by the services, retail trade, and health care industries; Substantial and expanding tax base providing more than 60% of the county's revenues; Income levels that exceed both state and national levels; Consistently strong and conservative financial management, evidenced by regular operating surpluses and high current fund balances; and Moderate-to-low overall debt burden. The 'AAA' standard long-term rating on Monmouth County's general obligation (GO) debt has been affirmed. The full faith and credit pledge of the county secures the series 2008 pooled governmental
