Standard&Poor's Ratings Services assigned its 'AAA' long-term rating and stable outlook to Monmouth County, N.J.'s series 2010A general obligation (GO) bonds, series 2010B general improvement bonds, and series 2010C GO refunding bonds. The rating reflects our view of the county's: Strong local economy, anchored by service, retail trade, and health care industries; Wealthy property tax base that provides nearly 60% of the county's revenues; Income levels that exceed both state and national levels; Consistently strong and conservative financial management, evidenced by regular operating surpluses and high current fund balances; and Moderate to low overall debt burden. The series 2010 bonds are general obligations of the county, secured by its full faith and credit pledge. The county intends to
