Summary: Monmouth County, New Jersey; General Obligation; Note

S&P Global Ratings assigned its 'AAA' long-term rating to Monmouth County, N.J.'s $93.560 million general obligation (GO) series 2021a general improvement and county college bonds, $4.090 million GO series 2021a (c. 12) county college bonds, and $29.095 million GO series 2021b refunding bonds. At the same time, we assigned our 'AAA' long-term and underlying ratings to the county's $6.170 million GO series 2021a county vocational school bonds and our 'SP-1+' short-term rating to its GO series 2021 reclamation center utility bond anticipation note (BAN). The outlook, where applicable, 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 and BANs. The New Jersey Fund

...S&P Global Ratings assigned its '###' long-term rating to Monmouth County, N.J.'s $93.560 million general obligation (GO) series 2021a general improvement and county college bonds, $4.090 million GO series 2021a (c. 12) county college bonds, and $29.095 million GO series 2021b refunding bonds. At the same time, we assigned our '###' long-term and underlying ratings to the county's $6.170 million GO series 2021a county vocational school bonds and our 'SP-1+' short-term rating to its GO series 2021 reclamation center utility bond anticipation note (BAN). The outlook, where applicable, 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 and BANs. The New Jersey Fund for the Support of Free Public Schools program provides additional security for the series 2021 county vocational school bonds. The program pledges a portion of a state fund's assets for a school district's...

Summary