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

S&P Global Ratings assigned its 'AAA' long-term rating to the Monmouth County Improvement Authority, N.J.'s approximately $30.025 million series 2022a governmental pooled loan revenue bonds, guaranteed by Monmouth County. At the same time, we affirmed our 'AAA' long-term rating on the county's previously issued general obligation (GO) bonds and county-guaranteed bonds issued by the authority. The outlook is stable. The governmental pooled loan revenue bonds are issued on behalf of four municipalities in Monmouth County. Our rating on the county-guaranteed bonds issued through the improvement authority reflects our view of Monmouth County's unconditional guarantee of full and prompt payment of principal and interest on the bonds when due and payable. The guarantee qualifies as a form of credit enhancement and,

...+ S&P Global Ratings assigned its '###' long-term rating to the Monmouth County Improvement Authority, N.J.'s approximately $30.025 million series 2022a governmental pooled loan revenue bonds, guaranteed by Monmouth County. + At the same time, we affirmed our '###' long-term rating on the county's previously issued general obligation (GO) bonds and county-guaranteed bonds issued by the authority. + The outlook is stable....

Summary