S&P Global Ratings assigned its 'AAA' long-term rating to Monmouth County, N.J.'s $77.245 million series 2022 general obligation (GO) bonds consisting of $33.850 million series 2022A general improvement bonds, $27.155 million series 2022C reclamation center utility bonds, $8.210 million series 2022D open space bonds, $2.675 million series 2022E county college bonds, and $2.725 million series 2022F (c.12) county college bonds. At the same time, we assigned our 'AAA' long-term and underlying ratings to the county's $2.630 million GO series 2022B county vocational school bonds. The outlook 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. The New Jersey Fund for the Support of
