Standard&Poor's Ratings Services assigned its 'AAA' rating and stable outlook to the Monmouth County Improvement Authority, N.J.'s series 2013B governmental-pooled loan revenue notes, which is supported by Monmouth County. At the same time, Standard&Poor's affirmed its 'AAA' rating, with a stable outlook, on the authority's existing appropriation debt, also supported by the county, and the county's general obligation (GO) bonds. Standard&Poor's also assigned its 'SP-1+' rating to the authority's series 2013 governmental-pooled loan revenue notes that are scheduled to mature Dec. 4, 2014. The short-term note rating reflects our criteria for evaluating and rating BANs. In our view, Monmouth County maintains a very strong capacity to pay principal and interest when the notes come
