Standard&Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Monmouth County Improvement Authority, N.J.'s series 2011B capital equipment pooled lease revenue bonds, supported by Monmouth County, and affirmed its 'AAA' rating, with a stable outlook, on the county's general obligation (GO) debt. The rating reflects the county's unconditional and irrevocable guarantee. As such, the rating also reflects the county's GO pledge. In addition, the rating reflects our opinion of the county's: 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 county revenue; Wealth and income that is well above state and national levels; Consistently strong and conservative financial
