Standard&Poor's Ratings Services assigned its 'AAA' rating to the Monmouth County Improvement Authority, N.J.'s series 2014 wastewater treatment facilities lease revenue bonds (Asbury Park Project), which is guaranteed by Monmouth County. At the same time, we affirmed our 'AAA' rating on the authority's existing appropriation debt, also supported by the county, and the county's general obligation (GO) bonds. The outlook is stable. The county's unconditional and irrevocable GO guarantee ultimately secures the bonds. Officials intend to use bond proceeds to refund series 2005A and B Asbury Park wastewater treatment facilities lease revenue bonds. The rating reflects our assessment of the following factors for the county: Very strong economy, with access to the northern New Jersey, New York City,
