Standard&Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Monmouth County Improvement Authority, N.J.'s series 2012 governmental pooled loan revenue bonds, supported by Monmouth County, and affirmed its 'AAA' rating, with a stable outlook, on the authority's existing appropriation debt, supported by the county. Standard&Poor's also affirmed its 'AAA' rating, with a stable outlook, on the county's general obligation (GO) debt. The ratings reflect our opinion of the county's: Strong and diverse regional economy, anchored by the services, retail trade, and health care industries; Extremely strong and diverse property tax base, coupled with very strong wealth and income; Consistently strong and conservative financial management, demonstrated by strong current fund balances; and Moderate-to-low overall debt.
