Standard&Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Monmouth County Improvement Authority, N.J.'s series 2012 lease revenue refunding bonds, issued for the Brookdale Community College project, and series 2012 governmental pooled loan refunding 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 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, coupled with, what we view as, very strong wealth and income; Consistently strong and conservative financial management, demonstrated by, what we consider, strong current fund balances; and Moderate-to-low overall debt.
