Summary: Monmouth County Improvement Authority, New Jersey Monmouth County; General Obligation; General Obligation Equivalent Security

S&P Global Ratings assigned its 'AAA' rating to Monmouth County Improvement Authority, N.J.'s series 2017B governmental pooled loan revenue bonds and series 2017 capital equipment pooled lease revenue bonds, guaranteed by Monmouth County. At the same time, we affirmed our 'AAA' ratings on the authority's existing general obligation (GO)-backed debt and the county's existing GO debt. The outlook on all ratings is stable. The series 2017B governmental pooled loan revenue bonds and the series 2017 capital equipment pooled lease revenue bonds are a direct and special obligation of the authority. Both series are secured by payments to the authority by participating local governments, backed by the full faith and credit pledge of each of the participating entities. We understand proceeds

...S&P Global Ratings assigned its '###' rating to Monmouth County Improvement Authority, N.J.'s series 2017B governmental pooled loan revenue bonds and series 2017 capital equipment pooled lease revenue bonds, guaranteed by Monmouth County. At the same time, we affirmed our '###' ratings on the authority's existing general obligation (GO)-backed debt and the county's existing GO debt. The outlook on all ratings is stable. The series 2017B governmental pooled loan revenue bonds and the series 2017 capital equipment pooled lease revenue bonds are a direct and special obligation of the authority. Both series are secured by payments to the authority by participating local governments, backed by the full faith and credit pledge of each of the participating entities. We understand proceeds of the series 2017B bonds will be used to provide loans for various capital projects in the township of Neptune and Hazlet School District. Series 2017 proceeds will be used to finance the purchase and lease...

Summary