Summary: Monmouth County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; Note - S&P Global Ratings’ Credit Research

Summary: Monmouth County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; Note

Summary: Monmouth County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; Note - S&P Global Ratings’ Credit Research
Summary: Monmouth County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; Note
Published May 09, 2024
9 pages (3164 words) — Published May 09, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AAA' long-term rating to Monmouth County, N.J.'s roughly $43.4 million series 2024 general obligation (GO) bonds. S&P Global Ratings also assigned its 'SP-1+' short-term rating to the county's roughly $84.2 million series 2024 bond anticipation notes (BANs) At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the county's existing GO debt and county-guaranteed bonds, issued by the county and Monmouth County Improvement Authority. The outlook on the long-term rating is stable. The county's full-faith-and-credit pledge, including an agreement to levy unlimited ad valorem taxes on all taxable property within county limits, secures its GO bonds, BANs, and guaranteed bonds. The New Jersey Fund for the Support of Free Public Schools program

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '###' long-term rating to Monmouth County, N.J.'s roughly $43.4 million series 2024 general obligation (GO) bonds. + S&P Global Ratings also assigned its 'SP-1+' short-term rating to the county's roughly $84.2 million series 2024 bond anticipation notes (BANs) + At the same time, S&P Global Ratings affirmed its '###' long-term rating on the county's existing GO debt and county-guaranteed bonds, issued by the county and Monmouth County Improvement Authority. + The outlook on the long-term rating is stable....

  
Report Type:

Summary

Issuer
Monmouth County
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Monmouth County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; Note" May 09, 2024. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Monmouth-County-New-Jersey-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-Note-3168342>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Monmouth County, New Jersey; Appropriations; General Obligation; General Obligation Equivalent Security; Note May 09, 2024. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Monmouth-County-New-Jersey-Appropriations-General-Obligation-General-Obligation-Equivalent-Security-Note-3168342>
  
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