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

S&P Global Ratings assigned its 'SP-1+' short-term rating to the Monmouth County Improvement Authority, N.J.'s approximately $23.595 million series 2020 governmental loan project notes, guaranteed by Monmouth County. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the county's previously issued general obligation (GO) bonds and county-guaranteed bonds issued by the authority, as well as its 'SP-1+' short-term rating on county-guaranteed bond anticipation notes (BANs) issued by the authority. The outlook, where applicable, is stable. The authority's governmental loan project notes are being issued to provide funds to the authority to make a loan to the Fort Monmouth Economic Revitalization Authority to currently refund the series 2019 governmental loan project notes. The notes, as well as

...S&P Global Ratings assigned its 'SP-1+' short-term rating to the Monmouth County Improvement Authority, N.J.'s approximately $23.595 million series 2020 governmental loan project notes, guaranteed by Monmouth County. At the same time, S&P Global Ratings affirmed its '###' long-term rating on the county's previously issued general obligation (GO) bonds and county-guaranteed bonds issued by the authority, as well as its 'SP-1+' short-term rating on county-guaranteed bond anticipation notes (BANs) issued by the authority. The outlook, where applicable, is stable. The authority's governmental loan project notes are being issued to provide funds to the authority to make a loan to the Fort Monmouth Economic Revitalization Authority to currently refund the series 2019 governmental loan project notes. The notes, as well as the rating on existing bonds and BANs issued by the authority and guaranteed by the county, reflect our view of Monmouth County's unconditional guarantee of full and prompt payment...

Summary