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

S&P Global Ratings assigned its 'AAA' long-term rating to the Monmouth County Improvement Authority, N.J.'s approximately $49.6 million series 2019A governmental pooled loan revenue bonds, guaranteed by Monmouth County. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the county's existing general obligation (GO) debt and county-guaranteed debt issued through the improvement authority. The outlook is stable. The bonds are being issued on behalf of the Board of Education of the Borough of Keyport, N.J.; Red Bank Regional High School District, N.J.; and Ocean Township, N.J. Underpinning the county's credit strength is its management team, which historically achieved balanced current fund operations and sustained strong-to-very-strong flexibility and liquidity. We believe this is critical to maintaining the

...S&P Global Ratings assigned its '###' long-term rating to the Monmouth County Improvement Authority, N.J.'s approximately $49.6 million series 2019A governmental pooled loan revenue bonds, guaranteed by Monmouth County. At the same time, S&P Global Ratings affirmed its '###' long-term rating on the county's existing general obligation (GO) debt and county-guaranteed debt issued through the improvement authority. The outlook is stable. The bonds are being issued on behalf of the Board of Education of the Borough of Keyport, N.J.; Red Bank Regional High School District, N.J.; and Ocean Township, N.J. Underpinning the county's credit strength is its management team, which historically achieved balanced current fund operations and sustained strong-to-very-strong flexibility and liquidity. We believe this is critical to maintaining the rating given long-term liability pressures that New Jersey local governments may experience should the state require higher contributions to increase funding...

Summary