Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to Monmouth County Improvement Authority, N.J.'s series 2011 governmental pooled loan revenue bonds and series 2011 governmental pooled loan refunding revenue bonds, supported by Monmouth County. Standard&Poor's also affirmed its 'AAA' long-term rating on the authority's previously issued revenue bonds, supported by the county, and on the county's previously issued general obligation (GO) bonds. The series 2011 bonds will be payable from and secured by payments made on GO bonds of each of the municipal borrowers, the fire district borrower, and the local authority borrowers. The bonds will be sold to the authority pursuant to separate bond purchase agreements between the authority and each of the borrowers.
