Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating, with a stable outlook, to Monmouth County Improvement Authority, N.J.'s series 2011 capital equipment pooled lease revenue bonds, supported by Monmouth County. The long-term rating is based on the county's unconditional and irrevocable guarantee. As such, the rating is based on the general obligation (GO) pledge of the county. Standard&Poor's also affirmed its 'AAA' long-term rating, with a stable outlook, on the county's GO bonds outstanding. The rating is based on our opinion of the following county characteristics: Strong and diverse regional economy anchored by the services, retail trade, and health care industries; Extremely strong and diverse property tax base providing more than 62% of the county's
