Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to Monmouth County Improvement Authority, N.J.'s series 2009 county guaranteed capital equipment pooled lease revenue bonds; series 2009 correctional facilities refunding revenue bonds; and series 2009 refunding lease revenue bonds, issued for the Brookdale Community College project, and affirmed its 'AAA' rating on the authority's county guaranteed pooled loan program series 2008. The bonds issued by the authority are ultimately guaranteed by the county's full faith and credit pledge, therefore the rating is based on the following county characteristics: Strong local economy anchored by the services, retail trade, and health care industries; Substantial and expanding property tax base providing more than 60% of the county's revenues; Wealth levels that
